Counter order: There will be no direct withdrawals from current accounts. The rule, which was included in black and white in drafts of the maneuver that circulated in recent hours, allowed tax authorities to directly access the current accounts of non-compliant taxpayers and verify their compliance, without the need to request from banks. Information on the existence or non-existence of “vulnerable” stocks and balances. However, the government has made it clear that this will be cancelled. On the contrary. According to the Prime Minister, this was never the case. Meloni made the announcement “Announcement to sailors” on his social media account. “There is NO measure in the budget law that would allow the Revenue Administration to have direct access to the current accounts of Italians to collect unpaid taxes. I advise you not to pursue hearsay or unofficial documents.”
The rejection is clear and without appeal. However, this rule was included in some drafts leaked to the press. In addition to the tightness in pensions, there is another complicated issue that worries the majority. In the afternoon, Palazzo Chigi had reported in a note that “journalistic indiscretions regarding the stabilization law published on various topics that have aroused great interest in recent days (e.g. pensions, taxes, allegations of withdrawals from current accounts and others) are the main issue.” The outcome of the drafts is not final”, has not been published by the Ministry of Economy” and will therefore be considered unreliable”. In the evening, sources at Palazzo Chigi reiterated that the news about electronic foreclosures was “completely unfounded”.
Meloni’s denial was followed by the denial of the deputy economy minister, Maurizio Leo: “There is no sequestration, this is not at the planning stage.” Therefore, the government opposes this and more or less implicitly blames the press for these versions of the budget law, even if it is clear that they cannot be an invention of the newspapers, although not strictly.
Pension issue and the money for the Bosphorus bridge
The fact is that after advances (denials) the government begins to maneuver again. Pensions continue to be a problem following the introduction of the controversial rule regarding withdrawals from penthouse current accounts. The Union does not want to hear about Quota 104, a measure envisaged by Economy Minister Giorgetti after the maneuver was approved in the Council of Ministers. “There will be no return to Fornero, there will be no 104 quota,” Salvini thundered today. Therefore questioning everything.
It is unclear how the majority plans to intervene. Deputy Minister Leo cut the matter short by saying, “Minister Giorgetti is interested in social security reform and a solution can be found there too.” One hypothesis is to dust off Kota 103 and essentially leave everything unchanged. A compromise that could satisfy the Union without placing too much of a burden on public finances.
Meanwhile, Salvini seems to have achieved his first victory. One of the latest hypotheses circulating in the budget law foresees the allocation of 11.6 billion euros for the bridge over the Strait of Messina by 2032; 780 million euros of this is for 2024. This would be a big blow for the Northern League leader, who has made this infrastructure his business, as he is deputy Prime Minister.
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Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
