Compromise on taxes for short lease: the scale could drop to 23 percent, compared to the 26 percent entered previously Maneuver. The idea of increasing funding for publishing, after complaints from trade associations. And again, requests from parties and ministries are piling up on the table Giorgia Meloni. However, it clashed with its warning to seafarers, siding with account holders Giancarlo Giorgetti: «This is the money, changes can be made but with the balance unchanged».
LINE
The budget is the centerpiece of a new summit at the highest levels of government. Mid morning, Palazzo Chigi. Prime Minister received Giorgetti, Antonio Tajani, Maurizio Lupi, Matteo Salvini connected from Puglia. Also present in the room were the Senate majority leaders, along with Deputy Minister Alfredo Mantovano. Table change. Meloni listened to his ally again pressed and expressionless. Salvini went first.
He asked that the elimination of the tax bill not only be extended to the tax assessment bill, but also strengthen the sterilization of increasing the retirement age, funding and overtime for the police. One by one the leaders made themselves heard. Tajani encourages funds for publishing and for the police, Lupi focuses on assistance for high school students, refinancing funds for worker participation in company profits. This is politics, darling. But he has to deal with simple mathematics. The prime minister listened in silence with Giorgetti. And discussions are heating up about short-term rentals. Tajani and Salvini want to review the tax, they ask to keep it at 21 percent, Lupi proposes to lower the tax on long-term rentals. First, the government is exploring a halfway compromise: 23 percent.
Giorgetti defined the request as “legitimate” and promised to investigate further. This also opens up the idea of reducing dividend pressure for entrepreneurs and companies as well as compensating tax credits. But he did not move an inch from the line agreed with Meloni which went something like this: «Here are the funds, adjustments can be made but giving up something is gained». In fact, putting the brakes on Salvini’s claims about scrapping. Giorgetti agreed on its merits. But that’s the real deal: 1.5 billion euros or more can’t be distributed. Meloni doesn’t compromise on his methods. He congratulated the team on the 18.7 billion maneuver, which the opposition labeled “Maneuver”. Meaning: we respect the roadmap. Hence, there is growing resentment over the nearly 80 amendments proposed by the ministry and destined to become an inevitable major cut. Manovra was also discussed last night at the Fratelli d’Italia summit on the via della Scrofa. And another government summit will take place in the coming days. Meanwhile, a compromise is being sought between the wishes of the parties. When it comes to short-term rentals, we think the solution is probably somewhere in the middle. In the end, price increases could stop at 23%.
An intermediate rate between the nearly generalized 26% envisaged in the bill and the current flat tax rate of 21% currently enjoyed by owners renting one home on a short-term basis. Giorgetti never made the size of the rent a matter of principle. But soon, once the desire to raise the levy emerged in the first draft, he justified the choice by explaining that the spread of short-term rentals affected the availability of affordable housing for families. However, Forza Italia and the Italian League are building a barrier. And individual lawmakers have developed a range of proposals ranging from a complete cancellation of the hike to intermediate hypotheses.
Regarding the flat rate tax, the problem that must be resolved is the context, namely the impact on the market at a time when the government is busy finalizing the Housing Plan which can rely on resources of 1.3 billion from the social fund for climate and almost 890 million from the reprogramming of the European fund. There are no coverage issues – the measure is actually worth about 130 million – which instead weighs on other changes that the majority party has been vehemently demanding. Meanwhile the Northern League, yesterday with Salvini at the negotiating table, asked to expand the range of beneficiaries of “fiscal peace” and also include taxpayers who have received assessment notices from the Revenue Agency and allow them to pay off their debts in nine years and 54 installments.
ACCOUNT TO MAKE
However, space is limited. Especially since, at this point, the measure has cost $9.8 billion over the years. It’s hard to end it here. The amendments reported by MPs already number 400 and must be communicated by November 18. We need creativity in looking for coverage. And yesterday, according to what we learned, during the summit someone even put forward the hypothesis of a replacement tax of 12.5% that would allow a revaluation of gold. A way to issue the yellow metal whose capital gains are currently taxed at 26% between the sale and purchase prices. Especially calculated on the entire value of the gold if you do not have purchase documentation stating that no rules were violated.
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