Sunday, October 5, 2014

Two billion in payroll taxes from severance pay – The XIX Century

Two billion in payroll taxes from severance pay – The XIX Century


 The president of Confindustria, Giorgio Squinzi

The president of Confindustria, Giorgio Squinzi

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Rome – severance pay in payroll ? “It would just be a gift to the tax authorities.” The reform of Article 18? “Let’s really no mediation. Do not give the last mile to fear. ” In his speech at the Forum in Naples small-scale industry, the leader of Confindustria Giorgio Squinzi , speaks on the two hot topics that engage the government in the coming days: the law of stability and jobs ACT. And, while definitely pulls the brake on the settlement paid in advance to the workers, the president invites businessmen Matteo Renzi not change course in front of the pressure of the left Pd (Fassina and Damian already warn: “So do not vote for the Enabling Act ‘) and trade unions that aim to preserve the reinstatement for the new permanent contracts required by law delegated to the Senate. “Just compensation,” says Squinzi.

And in an interview with the Century XIX Undersecretary Luigi Bobba anticipates a new hypothesis : reduce hours and wages for older workers to hire more young people.

Repairing the system of labor . Moreover, the Prime Minister confirmed that the theme of the work is the top priority of the government. Speaking from Assisi, the patron saint of Italy, the prime minister adopts the maxim of St. Francis, “go and repair your house ‘:’ E ‘a message that applies to our country because there are many things to be repaired, First, the system of work. But, in the next few months, we have put in place many other things: school, justice and public administration. ”

appears Renzi decided to keep going its own way on the reform of Article 18 , leaving in future contracts could be reinstated only to discriminatory dismissals and perhaps (but not necessarily ) for very few cases of disciplinary dismissals. I will reiterate the unions Tuesday when they meet at Chigi palace to speak but not to Article 18 of corporate contracts and representativeness.

“I hope that is not a call facade ,” said the Fiom leader Maurizio Landini spoke at the demonstration in Rome Sel. The problem is that even the manufacturers are itching and fear a blitz on severance pay, which would ultimately take 10 to 12 billion of liquidity to small and medium-sized companies with fewer than 50 employees. ù

This is also why Squinzi invited Renzi to prevent coups: “There must be a place where you look at your face and you decide, it would be together.” In short, the consultation comes knocking the door of the Palazzo Chigi. But it is unlikely that Renzi, allergic to old rituals, face backtrack on both Article 18 on both the severance pay in payroll.

If anything, in the mind of the Prime Minister there is an “exchange” to take advantage of in between jobs act and the law of stability: the hard-line government on reintegration with the jobs act approved shots of trust (hypothesis very concrete) could soften Confindustria on the advance payment of settlements, although many of the small businesses (those with fewer than 15 employees, which should, however, anticipate the severance pay, however, are not the issue of Article 18).

The next week will be decisive, on both fronts. Prior to working on liquidations, Renzi must properly evaluate the claims made yesterday by Squinzi: “The only real beneficiary of this operation would be the tax while businesses would disappear € 10-12 billion.” An initial government response came yesterday from the same stage of Naples to the mouth of the Deputy Minister for Economic Development, Carlo Calenda, who put his hands on: ‘The operation will be only if it is neutral for the companies. ” But the issue is more complex.

severance pay: money to workers but also earns the taxman . According to the calculations of the UIL, advance to the Century XIX from the Confederal Secretary William Loy, 50 percent of the severance pay in the pay packet corresponds to an average increase of 100-110 Euros per month for workers with an income up to 23,000 euro gross per year. “In this way – says Loy – the Revenue we earn 1.5000000000 to 2,000,000,000.” A figure expected to double if it is anticipated the full severance pay.

Effects “collateral” . The alternative would be to pay the severance pay in a lump sum, a monthly salary plus taxed at the rate of benefit between 23 and 26 percent (the same applies to settlement). “But even so, there is a risk of side effects on labor income with reflections sull’Isee, which measures the family wealth, and on the same bonus of € 80, which stops at 24-26 thousand euro.”

There remains a puzzle liquidity subtracted enterprises: The government wants to convince the banks to pay money in advance, using the funds of the ECB, at a rate not exceeding 2.5 per cent (the same as paid on the revaluation of severance pay).

But the problem for companies is: no money to pay all at once, and not in the future As workers retire.

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