The great tax “war”: what awaits us after the Coronavirus

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It has been around for weeks now. And, to date, the time seems ripe for a completely new dress to our tax system. It was launched in 1973 and is therefore 47 years old. The government would be ready to make a major reform of the tax. It is a reform that has as its cardinal the value of progressivity. The concept of progressivity, the Minister of Economy Roberto Gualtieri, he repeated it often: “Whoever earns more, must give more”.

Everything starts from a well thought out plan already at the beginning of February, when the pandemic in Italy was still far away. Everyone: social partners, economists and politicians had demonstrated the idea of ​​moving forward. Then comes the coronavirus, the lockdown and the closure of the borders. Today, things seem to be starting again. But at what price? The categories most directly affected by the crisis, stores and hotels in the lead, complain about the insufficiency of the measures on the table. There is a risk of 50 thousand activities being closed. Even more drastic is the prediction of the president of Confindustria, Carlo Bonomi: “There is talk of something between 700 thousand and one million jobs that would be at risk”.

Most MPs are at work. Ready to take out the proposals made in recent months out of the drawer. The 5 star movement is firm on the proposal to reduce the brackets and related rates from five to three. THE dem they go on the Berlin road to find the right way: adopt the German model. Cancel rates, brackets and replace them with an algorithm that assigns each taxpayer its rate based on how much it earns. A system that, according to the dem, would maintain progressiveness and avoid many complications. Matteo Renzi is also ready to ride the wave. The proposal of Italia Viva? Reduction to three rates and a minimum exempt of 24 thousand euros for a family of four.

There are those who talk about a remodeling, something that ultimately favors a reduction in taxes. This is a thesis that does not convince the center-right. Indeed the Flat Tax would progressively break down the progressiveness that so much likes on the left. The premier Giuseppe Conte and his standard bearers, including the aforementioned Roberto Gualtieri, are looking for another path.

The fiscal recipe of the center-right

Everyone is talking about tax reform. And the center pull out your recipe. “Great structural reforms are needed, as never before, to restart the country”. To speak from the columns of Free is Armando Siri, economic mind of the League. Former Undersecretary for Infrastructures in the yellow-green government and director of Flat Tax for VAT matches. He filed the full bill to reform the tax system with the Senate.

Siri opens to the Giallorossi. “In a time of crisis like this, ideological prejudices must be overcome. Those that this majority has always shown towards free enterprise, professions and self-employment. I hope that Gualtieri’s are not just announcements”. The center-right focuses on the little ones entrepreneurs, VAT numbers, self-employed workers, freelancers.

The goal is to extend the single rate to 15% to families. “We introduce the principle of taxation of family income, he explains. “Our proposal provides for a single rate of 15% for singles up to € 30,000, for single income families up to € 60,000 and for bi-income families up to € 70,000”. Added to this is the cancellation of the rates at 41 and 43%. They would remain those at 23, 27 and 38%. For the matches VAT the turnover ceiling returns to 100 thousand euros to take advantage of the Flat Tax. 15% rate also for companies. From 2023 the horizon is to extend 15% to all without income limits.

The voice of the Court of Auditors and unions

Also there Court of Auditors intervened in the debate to ask for a general reform of the tax system. Accounting magistrates have drawn up some urgent lines of intervention. Trade unions also raise their voices. According to Uil, the reform ofpersonal income tax which would provide for a reduction to 4 of the brackets, with a passage of the central rate from 38% to 36% is all but the tax reform that the country needs.

Uil recalls how for employees and retirees, who contribute 95% of the income tax income, the intervention thus designed would result in a reduction in tax of a few tens of euros per year. This hypothesis, in fact, according to the estimates of trade union, would not foresee any tax cut for incomes up to 28 thousand euros per year. It would have to reach a gross of 39 thousand euros to have a cut of 200 per year, about 15 euros per month. While for incomes over 75 thousand euros the reduction would be 1,540 euros per year.

There tax reform as anticipated, therefore, continues the Uil study, it would only affect incomes above 28 thousand euros gross per year. 24% of employees are included in the over 28,000 segment. The average income of these is 39 thousand euros gross per year: for these, the annual reduction would be equal to -200 euros, -15 euros per month for 13 months. Retirees who have an income above 28 thousand euros gross annual are 20% of the total. For these, the average income is 33 thousand euros gross per year and in this case the annual reduction would be equal to -100 euros, -7.6 euros the monthly one. Obviously the greatest impact of the reduction in the rate and the number of brackets would operate on higher incomes and would stabilize after 75 thousand euros at an amount equal to – 1,540 euros per year.



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