Italy will introduce a tax on carbonated beverages to help fund university research, and reduce the scope of tax amnesty.
The adoption of the new year's budget has led to changes in Italy's tax system. The draft budget was rejected by the European Commission, which believes it will increase the deficit rather than reduce it. The Executive Director of the European Union told Rome to present a new fiscal plan, but the Italian Government operates independently.
Sugar tax will increase funding for education
Carla Ruocco of the Movement Party five The stars announced on Thursday that the so-called "sugar tax" would be tabled as an amendment to the budget that Parliament must approve by the end of the year. Ruocco, chairman of the Finance Committee, did not give details of the tax intended to cover high-sugar drinks, but said that the revenue from it would be used to reduce taxes for self-employed people and increase funding for universities.
Amnesty dispute settled
Leader of the ruling Movement Coalition five The stars and the right-wing League agreed to meet Prime Minister Giuseppe Conte to reduce the range of widely criticized amnesty on tax evasion.
Amnesty, which allows people to settle tax disputes with the authorities, by paying a limited amount, divided the ruling coalition. It is popular among League voters who built support in northern Italy among small businesses and self-employed people, where tax evasion is common.
However, the so-called "fiscal decree", including, among other things, provisions on tax amnesty related to the budget, caused concern in the Movement five Stars that base most of their action on combating illegality and corruption. Apparently, however, the coalitions came to an agreement.
"There is full agreement on the fiscal decree," says the League statement. Under the amnesty agreement will now be available only to those who have made correct tax returns but were unable to pay full taxes.
first the project allowed taxpayers to declare and pay a reduced rate of income tax of up to 100,000 EUR A year ago, they hid it from the authorities.
The coalition also agreed to introduce 1.5% tax on cash transfers and reduce taxation of electronic cigarettes.
Author:
Katarzyna Kołbuś - Editor leading RB Magazine. From Over 10 years related to industry press, including the Financial Gazette and portal ipip.com.pl, which is devoted to finance, taxation, law, politics and the economy. She graduated from Polish philology at the UMCS and the language editing of the text at the University of Warsaw.