The hearings in the Budget Committee in the Chamber on the 55 billion maxi maneuver, they highlighted several weaknesses of the provision, even if each one reads the interventions with a different lens and the same measure that appears sacrosanct to companies, for example makes the nose turn to the authority who watches over the accounts. The same also happens on theecobonus is sismabonus 110% which companies really like but is suitable “for elusive or speculative purposes” according to UPB. While the block of layoffs obviously promoted by the unions it is too limiting according to Astronomy Avenue. On the other hand, everyone agrees that dozens of implementing measures expected risks complicate and slow down the transition from theory to practice.
Confindustria does not lack positive interventions, the result of a comparison “late“With the business world, but the judgment is far from a promotion. According to the general manager Marcella Panucci there is an “excessive fragmentation of the measures, as well as the need for numerous implementing measures and the bureaucratic fulfilments required in many cases risk frustrate the goal to have effective and immediately available measures “. For the € 55 billion maneuver, around 90 implementation decrees are needed, a “worrying” number on the Avenue of Astronomy which, in addition, considers too restrictive of business freedom measures such as extension of the blockade of layoffs until 17 August “not coordinated with the duration of the social safety nets”. On the subject of extensions and renewals of forward contracts, “The decree introduces a timid one derogation to the discipline dictated by the Dignity decree “but” the duration should be fixed, at least, at 31 December 2020 “.
Critical issues are also raised by the UPB, which also underlines the need for numerous implementing decrees, highlighting how “theeffectiveness of the measures will also depend on the rapidity“And that of reviewing the” emergency measures and also the more structural ones “which, explains the president Giuseppe Pisauro, “Will have to be reconsidered, in a few months, in the context of a more organic vision of fiscal policy”. In particular, the UPB underlines on the interventions on taxation, “transfers of payments within the current year, reductions for 2020 only, postponement to 2021 and definitive abolitions of tax increases, will be placed in the coming years in an organic framework of overall reorganization “, starting from IRAP,” greatly reduced for the current year, whose revenue contributes significantly to the financing of the national health service“. Just on IRAP the reduction “generalized and relevant also for many sectors that suffered less from the emergency” appears “less consistent with the aim of directing public resources to the companies most affected by the crisis that seems to characterize this new phase of interventions “. “THE most affected subsectors from the containment measures “of Covid they represent” about 20% of taxpayers and to them would go poco less than 10% of the overall reduction in revenue“.
Even more direct the CGIL, according to which “canceling this tax practically to all businesses, without distinctions, is a political choice wrong and unfair: one is allowed rain relief, regardless of the state of crisis or the drop in turnover, as well as the potential prospects of companies and sectors “. Deputy Secretary General Gianna Fracassi also warned that “The issue of the duration of Covid shock absorbers and their continuity of use must be addressed when converting”, also referring to the mechanism identified for the nine additional weeks for the cig (five until August and another four between September and October).
The Budget Office for its part notes that “behind the resource estimates” for Cig, Fis and cash in derogation “there seems to be latent but crucial hypothesis for coverages that, during the 18 weeks, the use of additions it will take place on average for no more than half of the working hours. Even though the most acute phase of the pandemic and the lockdown “seems to have passed” there is a strong one uncertainty”On these estimates“ making it necessary to keep a careful eye monitoring“. In fact, given the “acute and generalized crisis” it is “plausible that the percentages of draft they are placed on vsignificantly higher values than in the past“.
Overall, disbursements, between shock absorbers, allowances and Rem, “reach approximately a third of Italian families, with differentiated effects that depend on the nature and selectivity of the services received and the type of subjects that make up the households (employees, self-employed or other) “, is the UPB estimate presented by the president, Giuseppe Pisauro. “On the whole, about 70.6% of the benefits disbursed are employed, 24.8% are self-employed, while approximately 4.6% of the total resources are allocated to Rem”. As for the distribution based on the income brackets, “there is a greater presence of the benefited nuclei in correspondence with the lower deciles: it goes from an incidence of 46.6% of the first decile to 25.1% of the tenth decile”.
Finally, the Office urges “an in-depth analysis” as regards “the impact on public accounts of some provisions aimed at supporting and relaunching the economic-productive system”. The new “Destined Heritage” of the Cassa Depositi e Prestiti, which should intervene through joint venture recapitalization operations, “constitutes an increase in debt”.