Cash ceiling, pos, Rdc and flat tax: Bank of Italy’s perplexities on the maneuver
From the cash cap to payments with posfrom the Basic income at the flat tax: Fabrizio Balassonehead of the economic structure service of the Economics and Statistics Department of the Bank of Italy, during his hearing before the joint Budget Commissions of the Chamber and the Senate, dismantles the first piece by piece economic maneuver of the government Melons– which will impact approx 39.2 billion in the country system- emphasizing as a series of fiscal measures contained in the financialhave critical aspects which the Bank of Italy has repeatedly reported in reference to similar measures”.
READ ALSO: Maneuver, alert from the Court of Auditors: cash and pos not consistent with the Pnrr
First of all the cash ceiling set at 5,000 euros and the squeeze on digital payments through pos. Measures that according to Bankitalia tend to promote the underground economyinstead of opposing it. Only “the use of electronic payments allowing the tracing of transactions would reduce tax evasion”, explained Balassone. He added: “The limits on the use of cashwhile not providing an absolute impediment to the realization of unlawful conduct, they represent a obstacle for different forms of crime and evasion”. And for those who have doubts about the costs, Balassone explained: “The cash has costs related to security, such as those associated with theft, transport of valuables and insurance. Our estimates for 2016 indicate that for merchants the cost of cash in relation to the value of the transaction is higher than that of debit cards and credit”.
READ ALSO: Polls, Italians reject the cap on cash and the Pos from €60 upwards
#Bank #Italy #dismantles #maneuver #evasion #million #poor #people #RdC