The latest idea is to find resources that can finance the steps that must be corrected or included in the act maneuver And imposed a tax on the gold of Italianswhat has accumulated over the years and which is generally still stored in a safe or cupboard, to ‘appear’ in return for a large profit in the future, in the event of a sale. The operation, which would bring Lega and Forza Italia to an agreement but is considered still unverified by the Treasury, could ensure, according to the calculations and simulations carried out so far, up to 2 billion euros. Is this a good idea? Let’s try to count the pros and cons.
What are we talking about
The proposal is to set a tax rate of 12.5%, the same as government bonds and most favorable compared to other rates, for declaring and issuing rings, bracelets, earrings and chains, but also bars and collector coins, without purchase documents. The mechanism is simple: in return for taxes paid to the State, no later than June 30 2026, you get revaluation of assets that have been purchased or inherited. Why would there be any benefits? Because when those who choose to declare their property, pay 12.5% now, resell it, instead of paying 26% of the entire value, they will pay 26% only for capital gains, that is, the difference between the sale price and the value assigned to the object at the time of declaration.
What could be a benefit to the State, the resources freed up
How can we estimate the possible revenue of two billion for the Treasury? According to the estimates considered, private gold in Italy could amount to around 4,500/5,000 tons, with an indicative value of 499/550 billion. Assuming 10% membership, this action is expected to generate revenues of between 1.67 and 2.08 billion.
Because it might be a good idea
Will be transparency operationswhich is completely part of the overall strategy for the emergence of ‘black’ goods or, in any case, goods that almost always escape tax. This allowed many Italians to place value on objects that were often destined to change hands as inheritance or end up ‘depreciating’ in negotiations with gold buyers. This would be a way to obtain coverage that would enable funding measures to be useful for economic policy.
What are the risks to consider
However, there are also a series of risks that could be contraindicated. First, it can be a way to facilitate parties who want to clean up stolen goods or goods of doubtful origin. Second, it is not certain that the number of people who receive the exchange between taxes that must be paid immediately and future benefits, always of a fiscal nature, will ultimately be as expected. This is also because it is not easy to sell gold at its true value. Third, this may be considered as fundraising operations and welcomed as a new tax imposed on ‘personal’ assets and in many cases considered an ‘affective’ protection that could only be exercised in extreme cases. (From Fabio Insenga)
