The majority urges to stop increasing taxes on crypto assets from 2026. With a series of budget amendments, center-right forces are trying to stop the increase in rates from 26% to 33% that will take effect in January. Confirming the growing attention paid to a topic that was already the subject of debate last year – with the League at the forefront – during the examination of the budget law, which was then concluded with a very small tax increase compared to the initial proposal of 42%.
If the majority pushes for people to pay less, taxes become the focus of Economy Minister Giancarlo Giorgetti’s attention. Addressing students at the Guardia di Finanza Financial Police School, together with Bank of Italy Governor Fabio Panetta, he warned against a context in which economic crime “has become a real threat to the stability of the entire democratic system”.
ANSA Agency Giorgetti: ‘If everyone paid taxes, the system would work. Economic crime threatens democracy’ – News – Ansa.it ‘The country’s resources are spent properly and businesses operate freely. Economic legality of protecting accounts (ANSA) And it encourages everyone to commit to “legality and economic security”, which is a “shared responsibility”. “When public resources are spent properly, when taxes are paid by everyone fairly, when companies operate in a context free from unfair competition and criminal infiltration”, the minister said, “then the system will succeed”. And if it is true that tax evasion has declined since 2011, then a disorganized economy, which generates added value equivalent to 10% of GDP – Panetta warns – “is still a widespread and deep-rooted phenomenon, which hinders growth and undermines the principles of justice on which civil coexistence is based”. However, progress in the last decade shows that change is possible, the governor added, while underlining how the spread of electronic payments has contributed to strengthening the tax base, traceability and VAT revenues.
But it also warns about the risks associated with the use of crypto assets for illegal purposes: hence the need for “rules and controls”. The majority agreement on the topic of cryptocurrencies provides a good chance for the proposal to be among the 414 priority amendments that parties must vote on tomorrow out of nearly 6,000 proposed amendments. The most difficult task fell to Forza Italia, which was only able to ‘save’ 6% of the proposals submitted: a reported 39 of the 677 amendments submitted. The Fratelli d’Italia would have to reduce its changes by a fifth, from 500 to 123. The league would be able to select 57 of 399, one of seven. With 19 people included in We Moderates, the reported majority is 238 people.
The opposition must present 176 people, of which 70 people from Pd, 51 people from M5, 19 people from IV, 19 people from Mixed, 17 people from Autonomy. To consider the changes and in light of the start of voting in the commission on Thursday, Prime Minister Giorgia Meloni will convene a new majority summit. The prime minister’s party, which meanwhile launched a communication campaign regarding the maneuver with a 7-page document entitled “On the Italian side”, is likely to confirm among its members the reported application of a 2 euro tax on small non-EU parcels seen as a possible cover for modifying the maneuver. Another resource could be a preferential tax on gold, proposed by some majority parties, but its impact on state coffers is being carefully studied. Such measures should be among those reported by the League, which should also include expanding the elimination of quinquies, ending the increase in dry tax rates for short-term rentals via platforms, removing the ban on offset credits. Forza Italia also proposed a gold revaluation preference rate, indicating it was a hedge to eliminate the dividend rule.
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