Here is the fiscal peace that can save the Italian taxpayers
We need a large fiscal transaction capable of embracing the entire debt position of taxpayers, also including the deeds still to be issued and the accruals due for the old fiscal peace. The comment of the accountant Giuliano Mandolesi
A fiscal peace 2.0 is not enough, we need an extraordinary, new instrument, a sort of great transaction that takes into account the disastrous economic impact of Covid-19 on the lives of Italian taxpayers.
Both the scrapping and the balance and excerpt , the two components of the so-called fiscal peace, may in fact not be suitable for this historical moment for various reasons.
The main one is that the two instruments would not be able to intercept the deeds suspended during Covid, the now very famous 50 million payment notes and notices which, not yet issued, in fact cannot be "condoned".
Another big problem concerns the balance and excerpt.
Although at the moment it is much publicized, it should be remembered that as an amnesty it turned out to be less performing than expected, with limited subscriptions, because it was not very inclusive due to the very low ISEE ceiling of 20,000 which allowed access.
Furthermore, the ISEE to access the balance and excerpt should be presented on the basis of the income position of the taxpayer in 2019, a pre- covid annuity with presumably higher incomes than in 2020 tormented by the economic crisis.
Also from the point of view of payments, the installment plans of the original fiscal peace provided for too short times that would not reconcile with the current lack of liquidity of many taxpayers.
What would therefore be needed is a new model, a large fiscal transaction capable of embracing the entire debt position of the taxpayers, also including the documents still to be issued and the accruals due for the old fiscal peace.
The "discounted" amount could be a mix of the provisions of the scrapping and the balance and write-off, with progressive reductions also of part of the tax for medium-low income up to the removal of only the penalties for incomes beyond a certain threshold to be fixed.
This new transaction should also be allowed to legal entities, excluded from the original balance and write-off and should provide for at least ten-year installments starting from 1 January 2022.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/ecco-la-pace-fiscale-che-puo-salvare-i-contribuenti-italiani/ on Sun, 03 Jan 2021 12:28:24 +0000.