Account emergency, without new government consumption blows

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Of Mariangela Tessa
While between the Quirinale and the party secretariats, Italy is anxiously searching for the architecture of the next government, the new executive will be called upon immediately find further 30 billions of euros to neutralize the deadlines set by previous governments, that is to say the increase in VAT and excise duties on fuel (12,47 billion for the 2019 e 19,16 billion in 2020 for a total of 31,6 billion in the two-year period 2019/2020).
In the Finance Law of 2018 the necessary coverage must therefore be found, otherwise – starting from 1 January 2019 – the intermediate VAT rate will rise from 10 al 12% while the ordinary one will pass from 22 al 24,2%. New flurry of increases at the start 2020 with the intermediate rate at 13% and the ordinary one al 24,9%. To which will be added yet another increase in excise duties on fuel. A real one blow to Italian consumptionwhich could knock out the fragile economic recovery underway.
Yesterday the traders' associations spoke about this, of producers and consumers have raised the alarm about increases. Confessors conducted a simulation from which it emerges that the tax increase it will make you lose 23 billion euros in three years, circa 885 euros per family. Codacons calculates up to a thousand euros per year for each family unit.
Coldiretti underlines how the increases would affect food, like meat, pesce, yogurt, egg, rice, honey and sugar "with dramatic effects on the incomes of the neediest families".
Source: http://www.wallstreetitalia.com/emergenza-conti-senza-un-nuovo-governo-sara-stangata-consumi/?utm_source=newsletter&utm_medium=email&utm_campaign=Newsletter:+WallStreetItalia&utm_content=13-03-2018+emergenza-conti-senza-nuovo-governo-stangata-consumi+primo-piano
 

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