From tax collection to self-employment, from IRES to listed companies: new pieces of tax reform arrive

From tax collection to self-employment, more pieces of the tax reform are coming. The government has already approved 9 legislative decrees, "we are preparing others that will go to the Council of Ministers this week or next week". Thus the Deputy Minister for the Economy Maurizio Leo speaking at the conference organised by Consob 'Crystal ceilings and rubber walls' for female leadership.

"The tax reform," Leo said, "also takes a close look at the world of listed companies in terms of simplification, and the goal is to achieve legal certainty, which must be a pivotal element, especially for listed companies," since today, for example, there is no clarity on the determination of the income of listed companies. In general, he added, 'I trust that with everyone's cooperation we can chart a new course for the capital market and for listed companies'.

'Compatibly with the available resources,' the deputy minister of the economy went on to say, 'the government is aiming at reducing IRES'. That tax is "today at 24% and we want to gradually bring it down, but the advantage must be targeted at two objectives: employment or innovative investments," he explained. 'Moreover,' Leo concluded, 'in this context, the company must be given the opportunity to capitalise and make the investment within the two-year period.

There are already 9 decrees approved by the Government and 7 are those already published in the official gazette, ranging from the three-rate Irpef to the concordato preventivo, from simplifications to the Statute of the Taxpayer, from international taxation to cooperative compliance. The count rises to eight if we add the implementing decree on the reform of administrative and criminal tax penalties that has been approved and is only awaiting the final stamp of the Ragioneria in order to be promulgated by the Head of State. Then there is the ninth decree, the one on the reform of the Games, which last week received the green light from the Finance Committees of the Houses of Parliament for final approval at second reading by the Council of Ministers.

A particularly eagerly awaited one is that on the reform of tax collection with which the government counts above all on cutting the warehouse of the former Equitalia in which are 'crammed' 1,206 billion credits, of which perhaps only a little more than 60 billion are still collectable. The idea being studied would be to cancel by declaring uncollectable all those credits that after five years have not been collected by the Entarte-Riscossione agency, despite the attempts and the sending of the files. Another important intervention is the one that aims at cancelling the role by aiming at the so-called enforceable role, while for taxpayers to widen as much as possible the access to tax and contribution debt instalment plans up to 120 instalments.