The Italian Council of Ministers approved this Thursday (16) a tax reform bill which provides for a cut in income and corporate taxes, as well as a reduction in criminal penalties for tax evaders who cannot pay, but agree to pay. .
According to the Ministry of Economy, the provision aims to “simplify and reduce the tax burden, encouraging investments and hiring”.
In a note, Palazzo Chigi explains that the reform of the tax system is a key element of Prime Minister Giorgia Meloni’s government program and aims at the structural relaunch of Italy at an economic and social level.
The initiative plans to strengthen economic growth and the birth rate by reducing the tax burden, increasing the efficiency of the tax structure and identifying tax support mechanisms for families, workers and businesses.
During the meeting in Rome, representatives of the Italian government decided they wanted to eliminate the risk of criminal convictions for those who make a pact with the authorities and recover late tax and dividend payments.
Furthermore, the project envisages the reduction of the current income tax brackets from four to three within two years, with the aim of subsequently reaching a single rate. In this way the range possibilities are: 23%, 27% and 43% or 23%, 33%, 43%.
For businesses, IRES will be adopted with two brackets, 24% and 15%, to ensure that those who hire and invest more pay less taxes. The goal is to gradually extinguish the IRAP.
According to Meloni, it is “a historic, structural and organic reform”, or rather “a revolution expected 50 years ago with important innovations in favor of citizens, families and businesses”.
“With the new tax system we are outlining a new idea of Italy, close to the needs of taxpayers and attractive to businesses,” he said on social media.
For her “the reform contains a global and programmatic vision that rewards the loyalty and responsibility of the taxpayer, laying the foundations for a new relationship of trust with the Revenue Agency”.
“Thanks to the reform of the tax system, we will lower taxes, increase growth and equity, encourage employment and investment”, underlined the Italian prime minister, recalling that the Italian government has promised to keep its commitment.
Meloni then explained that “the process is underway which will give life to a fiscal revolution within 24 months that Italy has been waiting for for 50 years”. “A structural and comprehensive reform that aims to reduce the tax burden on businesses and workers, create a new relationship of trust between the tax administration and taxpayers, and promote growth and employment according to the principle of ‘hiring more and investing and paying less taxes,” he concluded.
New department – In the decree approved today, the Italian government also provides for the creation of a new department of the Ministry of Economy in charge of managing state-owned companies, such as the energy groups Enel and Eni.
“This is an important step towards rationalizing the system in line with the new economic times and in line with the new European approach”, said Minister Giancarlo Giorgetti.
The sector, which will have its own general manager, will take care of all the decision-making process on state-owned companies, public assets and also public guarantees on bank loans. .
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
