Sunday, February 28, 2016

IRS, Morando: not ruled advance income tax cut to 2017 – Il Sole 24 Ore

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This article was published on February 28, 2016 at 16:12 hours.
the last change is the 28 February 2016 at 16:15.

the Irpef cut is set for 2018 but “would not rule out that it is possible, if things go a bit ‘in the right way, to anticipate initiatives that we plan now for the 2018 to 2017′. So to Affaritaliani.it Economy Deputy Minister Enrico Morando, according to which “now is still early to tell.” Meanwhile, what “has already decided”, he recalls, is that “will start from January of 2017 a reduction of four points the IRES.”

Morando: not ruled advance income tax cut to 2017
Morando has ruled that the reduction of taxes on corporate income “can be brought forward to 2016. So I guess this deadline, that is, the beginning of the reduction in the tax burden sull’Ires, which is attached to January 1, 2017, will remain fixed for 1 January 2017. there are no other cases in the study. ” “The commitment that we have taken – said the deputy minister – is to take action to reduce the tax wedge on labor and on the company, then we must also give the side Irpef a profile that is able to achieve this . Then, you intervene directly sull’Irpef or who intervene indirectly by reducing the social security burden fiscalizzando contributions, we would then we will see when we will be able to concretely envisage the intervention. “

Reforms and debt node
Sunken also by 20 large meeting in Shanghai the commitment to use the lever of budgetary policies to push growth which still languishes, the Economy Minister Pier Carlo Padoan reassured inanato yesterday embarked on the journey from Rome and the results achieved so far. Italy, in fact, “has made much progress on the structural, but much remains to be done” and “it is obvious – said – that the agenda of structural reforms must not stop, either in terms of implementation” of those already approved, “neither of new elements to be added.” With the goal of eliminating the main element of “fragility”, that still “high debt” which, however, reiterated Padoan, in 2016 “will come down.” Of course, the real match for Italy will be played in late spring, when Brussels will say its final word on the law on public accounts and Stability.

The game on flexibility
The “truce” between Rome and Brussels on flexibility signed during the visit of Jean Claude Juncker, the prime minister Matteo Renzi does not mean that all nodes they were dissolved. Especially on the choices that the government would like to do next year, starting with the planning of the promised Irpef cut. The flexibility also for the year ahead is essential for the government, which must commit 15 billion just to defuse the safeguard clauses. But it is yet to be conquered. The government has always been confident that the Commission will approve the deficit margins that Italy has used the maneuver this year, including the clause ‘exceptional events’ destined almost entirely to safety interventions – around one point of GDP flexibility, about 16 billion. But also to gain ground on 2017, a minimum adjustment (in the order of a couple of billion at most), would be called into account and would be manageable without ad hoc interventions, through a ‘treasure’ that could emerge in the folds of the budget, reusing resources allocated to the already approved budget items and not yet fully exploited.



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