No return to the “old income meter”. This is what the Deputy Minister of Economy Maurizio Leo specified, specifying that the ministerial decree instead places “limits” on the discretionary power of the financial administration.
“The centre-right – he says – has always been against the ‘income meter’ mechanism, introduced in 2015 by the Renzi Government. The ministerial decree, published in recent days in the Gazzetta, finally puts some limits to the discretionary power of the Financial Administration to implement the synthetic assessment, i.e. the possibility of the Tax Office to notify the taxpayer of inconsistencies between purchases, standard of living and declared income. Power provided by the tax system since 1973″.
In detail, he explains, “with our decree, we intervened to correct a distortion that was created in 2018, when the Conte 1 Government abolished the Ministerial Decree of 16 September 2015, the so-called ‘income meter’, of the Renzi Government and had simultaneously established that a new decree should be issued with precise limits to guarantee the taxpayer, so as to limit the inductive content of the assessment to a minimum, and always favoring the precise data to guarantee the taxpayer”.
Unfortunately, adds Leo, “that decree was never issued and, instead of favoring the taxpayer, a void was created in the limits to the action of the financial administration in the application of the summary assessment, effectively introducing an income meter mechanism permanent and without any limitation”.
After six years, continues Leo, “the centre-right government has finally intervened and issued a decree, previously shared with consumer associations, Istat and the privacy guarantor, which sets precise limits to guarantee the taxpayer and introduces, among other things, also a mandatory double cross-examination. Therefore, there is no return to the old income meter but only more guarantees for taxpayers. Furthermore, the centre-right confirms its commitment to fighting major tax evaders, in a context of total respect for taxpayers’ rights”.
The Deputy Minister of Economy Maurizio Leo, sources at Palazzo Chigi report, has agreed with the presidency of the Council of report to the next Council of Ministers on the content of the ministerial decree of 7 May 2024 which introduces limits to the discretionary power of the Financial Administration to implement the summary assessment. The issuing of the decree, established by the Conte 1 government but never implemented, had been awaited for more than six years to regulate the actual passing of the so-called ‘Income Meter’, introduced by the Renzi government in 2015.
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