Dl Relaunch, approval of the Council of Ministers. Conte: now urgent interventions, then tax reform

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Green light from the Council of Ministers to the relaunch decree. A $ 55 billion shield to protect businesses, families and workers from harm from the health emergency. The measure “contains the conditions to start the recovery,” the prime minister said at a press conference. Giuseppe Conte. “Now Parliament can improve it, I also hope with the contribution of the opposition.” In the move, which came to the executive table after weeks without tension between the majority parties, the pillars of the interventions are confirmed, from funds to health and civil protection, to the renewal of all social safety nets, to the creation of a bond for domestic workers and caregivers and an ad hoc tool, emergency income, for families in difficulty. In general, the health resources contained in the provision amounted to 3.25 billion.

Account: there are resources for Cig and autonomous bonuses
25.6 billion will work to refinance CIG and autonomous bonds “that are social and economic buffers because they also help companies to preserve production efficiency,” says Conte. “So far we have paid 85% of Cig applications and almost 80% of autonomous bonuses, for 4.6 million workers. There have been delays for the IGC exemption, but we have worked with the Regions, which I am grateful for, to speed up ». In addition, the Prime Minister ensures that the first € 600 bonus for self-employed workers “will come immediately because it will go to those who have already benefited from it.”

Almost 16 billion for companies, through Irap in June
Going into the details of the economic commitments, Conte explains that almost 16 billion will “be disbursed in various ways, from the smallest to the possibility of capitalizing on the largest.” We cut 4 billion in taxes for all companies up to 250 million in turnover, also eliminating the June Irap delivery ». The fiscal interventions mentioned by the Prime Minister refer to diversified areas. “Through the first installment of the IMU for hotels, guest houses, bathing establishments. We postpone all obligations, tax withholdings, social security contributions until September ».

We hope for a more comprehensive tax reform
“Making a tax cut for all companies today”, as happens in the revitalization decree, “means providing an indirect form of liquidity, it means leaving money in the companies’ coffers. We have not defined a reform of the tax system, it is a unique intervention. Our goal is to face a more comprehensive reform in perspective, but we cannot do it under these conditions. We need to deal with the emergency first, “says the Prime Minister.

Gualtieri: we lay the foundations for the restart
Also in the words of the Minister of Economy Roberto Gualtieri There is satisfaction with the result achieved. “We lay the foundations for the restart, we do it by allocating very important resources for the health system, refinancing the IGC, making its procedures more efficient, expanding the forms of income support so as not to leave anyone alone and guarantee that everyone receive support. The most important part concerns business support, it is now the upgrade phase, even for companies up to 5 million, and also an unprecedented commitment to favor recapitalization and absorb losses. ” Not only. “I like that in the Collection Decree there is an income support for all those who do not have it due to the coronavirus, but also that there is the largest funding in history for the University and research, to finance our tomorrow and not only the Present “.