Premier Giorgia Meloni's government
is working on revising the Tobin tax on financial transactions
and raising the threshold up to which income paid into
private-pension plans is tax deductible in order to encourage
people to take them up instead of relying solely on their State
pensions, sources said Saturday.
The government is also set to scrap the superbollo auto tax on
particularly powerful cars in a bill linked to its tax reforms
that is expected to be presented on Friday.
The administration is also examining a possible reduction in the
IRES business tax and a lowering of the tax payable in advance
by the self employed.
Meloni's government is aiming to bring in a flat tax for all
workers in Italy by the end of the current parliamentary term,
in less than five years' time, as part of its tax-reform plans.
At the moment, Italy has a 15% flat tax, but it only applies to
self-employed people earning up to 85,000 euros a year at the
moment.
The reform said a step towards a flat tax for all will be the
reduction of the number of income-tax bands applied to people
employed by private-sector firms and the State from four to
three.
The reform also seeks to significantly cut down the number of
taxes in force in Italy.
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