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Flat tax, vouchers and “made in Italy”: the commitments of the centre-right for tourism and catering

And now let’s hope for tourism and catering there may soon be concrete commitments to guarantee slightly safer outlook. After the uncertainty with which, in the midst of a thousand problems, a recovery of the sector that exceeds expectations has been initiated, concrete facts are needed to support it. And now that the Italians have given a precise indication, to the new centre-right governmentdirected by Giorgia Meloni of Fratelli d’Italia will touch apply the program signed by all the parties of the coalition.

By the end of October, there should be a new government and this cannot fail to deal with strategic companies such as tourism companies. Sure the priority will be on energy billsbut of lack of staff to the theme of bathing concessions there are many problems to which the executive will have to provide an urgent response. While waiting to understand which Ministers will have to deal with it, let’s see what the centre-right proposed during the election campaign.

Palazzo Chigi, seat of government

Vouchers will be reintroduced

In the framework agreement of Fratelli d’Italia, Forza Italia, Lega and Noi Moderati there is a chapter dedicated to Made in Italy, culture and tourism, from which to start. Perhaps the most important issue, with a clear position, is the vouchers on which it reads: “Extension of the possibility of use of job vouchersespecially for the tourism and agriculture sectors“. This is exactly what the Senator Gian Marco Centinaio (Lega)one of the politicians industry specialistsin the interview we published yesterday.

For the rest, the document shared by the four parties touches on various aspects and focuses resolutely on the enhancement and protection of made in Italy. The key points are:

  • Enhance the beauty of Italy in its recognized image in the world
  • Protection and promotion of Made in Italy, with regard to the typicality of Italian excellence
  • Italians abroad as ambassadors of Italy and Made in Italy: promoting our excellence and our culture through Italian communities around the world
  • Establishment of business networks in the tourism sector, for the promotion and marketing of the sector, also at international level. Support for the entertainment sector and incentives for the organization of events at the national level
  • Support for the presence of Italy on the circuits of major international meetings
  • Protection of nautical and seaside activities: 8,000 km of coastline, 300,000 workers in the sector, a heritage to be protected
  • Protection and promotion of cultural, artistic, archaeological, material and immaterial heritage and enhancement of cultural professionals who constitute the economic engine and Italian identity
  • Improvement and promotion of a diversified tourist offer
  • Support for digitization of the entire supply chain of the tourism and culture sector
  • Contrary to the abusive exercise of professions and tourist and cultural activities

Tax burden: is it time for a flat tax?

Commitments maybe a bit genericto which, however, are added precise recipes in economic terms which, of course, will also find their full application for Horeca and agri-food companies. And the first point, of which you can be sure that the Italians will carefully evaluate the center right, and especially the Brothers of Italy, is reducing the tax burden for families, companies and the self-employed, to which they are added the abolition or a major revision of citizenship income and increase minimum, social and disability pensions. In any case, the flat tax will be at the center of each initiative, on which it will be necessary to understand what the economic coverage will be, excluding budget deviations that Giorgia Meloni does not seem to want to initiate.

The good life

It is also not trivial because in the election campaign the different souls of the coalition had slightly different ideas. The lump sum tax for example, it should be 15% according to the League, while Forza Italia was talking about 23%. In any case, the framework agreement provides for: an “extension of the flat tax for VAT numbers up to €100,000 in turnover” (currently the ceiling is €65,000 in turnover business) and a flat tax on the part of the income higher than that of last year. In order not to offend anyone, a comment has been added: “with the prospect of further expansion for families and businesses”. All with the guarantee that no property tax will be levied.

However you assess the flat tax, at least initially, however, it could cost almost 60 billion per year and the blankets will have to be found. Perhaps by hitting on tax evasion, a subject to which the League nevertheless forcefully raises the question of the scrapping of tax records, when it seems that the Brothers in Italy do not intend to proceed with new tax amnesties. A “Balance sheet and extract” up to 3 thousand euros for people in difficulty and, for higher amounts, with payment of the full tax plus 5% in lieu of penalties and interest, and installments over 10 years. But nothing more. Indeed, there is not much unity on this point. While in the coalition program there is no question of fighting tax evasionin that of the Brothers of Italy, on the other hand, there is a specific commitment.

On the other hand, it is probable that, whoever the Minister of the Economy (on whom Meloni will necessarily have to concentrate to ensure a strong link in Europe and with our traditional partners, from Germany to France), among the first things to activate can be a “single tax account” for the “full and immediate” compensation of claims and debts to the Public Administration. Managing this “revolution” could be Fabio Panetta, economist and former director general of the Bank of Italytoday to the Executive Committee of the European Central Bank, even if he would point the finger at the leadership of Bankitalia, instead of Visco.

Quote 41?

In its joint programme, the centre-right has also pledged to increase the minimum pension (perhaps not up to 1,000 euros as Silvio Berlusconi proposes), but a real stumbling block could be the “quota 41” supported by Matteo Salvini, which would allow take early retirement to those who have at least 41 years of contributions. This would mean skipping a year and 10 months of dues for men and 10 months for women. In 10 years we are talking about 75 billion fee and it will be necessary to understand if the new government will be able to cover this need. Hard to imagine at least in the first year …

Reduced VAT against inflation

The recipe presented by the centre-right during the election campaign to counter rising prices focuses on Reduction of VAT on basic necessities and energy products. In August, Salvini said that “tax breaks, bonuses and salary increases for employees” could be “pending fiscal peace, flat tax and quotas 41” a “reasonable measure, requested by entrepreneurs of all sectors that want to put some net money into employees’ salaries to fight inflation and the rising cost of living.” A proposal that could also help, but it would be needed immediately and not in a few months. And even then, it will be necessary to understand where the resources will be recovered.

An obstacle course

Also because the path of the new government (it would have been for anyone who won the elections…) it will be uphill. Already the first finance law should defuse the mine of lower growth forecast (in 2023, it would not exceed 0.7-0.8% of GDP), with negative repercussions due to the reduction in available resources and a deficit which tends to widen. And just think that a lot of resources to put on the table are needed immediately for the commitments already made by the Draghi government: 3.5 billion to confirm the 2% reduction in the contribution wedge for workers with incomes up to 35,000 euros, which are due to expire at the end of the year. And we cannot forget the “discount” layoffs, on the model of the Covid emergency. It must be extended until the end of the year and cannot fail to extend to the entire commercial sector, from the bars, restaurants and hotels whose prospects are certainly not optimistic. And here we need at least another half billion euros.

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