Recovery plan technical tests in the government (with tax wedge cut)
“Structural reduction of the tax wedge on labor through a progressive IRPEF reform” with a delegated law by the end of 2020 and implementing decrees by 2021. It is one of the government's projects in view of the Recovery plan.
"Structural reduction of the tax wedge on labor through a progressive IRPEF reform" with an enabling law by the end of 2020 and implementing decrees by 2021.
It is one of the projects indicated in the 32 pages of the “Guidelines for the definition of the national recovery and resilience plan” which will draw up the Italian Recovery plan.
The plan consists of "challenges, missions and actions / projects" and also provides for the revision of the social safety nets in an "equalization key" within a delegated labor reform law by April 2021. The missions include the completion of the national network of fiber optic telecommunications, the gradual decarbonisation of transport, the fiber optic cabling of schools and universities.
Also present was the completion of the national fiber optic Tlc network and the development of 5G , the gradual decarbonisation of transport and investments in Tpl, as well as the completion of the Turin-Lyon line; school and university wiring; improving the energy efficiency of public buildings.
Are the government's intentions consistent with the European Commission's stakes?
We will see, in fact, this is what the European Commissioner, Paolo Gentiloni, said in recent days.
“Woe betide” if Italy thinks of using the resources of the Recovery Plan to “reduce taxes”. It would be "really a wrong message", underlined Gentiloni, in a video hearing before the joint EU Budget and Policy committees of the House and Senate.
The resources of the Plan, Gentiloni said in response to a parliamentarian, “can they be used for the tax authorities? In a very targeted and limited way. It may be that, to achieve a certain objective of reform, interventions of a fiscal nature can be envisaged temporarily, but woe to think that we are using 200 billion euros to reduce taxes. It would really be the wrong message ”.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/prove-tecniche-di-recovery-plan-nel-governo-con-taglietto-al-cuneo-fiscale/ on Tue, 08 Sep 2020 14:10:47 +0000.