Europe

Budget Proposal Reaching House Seats December 20 – English

(ANSA) – ROME, 30 November – The government’s 2023 budget will be voted on by the House of Commons on 20 December, the House of Commons decided on Wednesday.

A €35 billion package containing €21 billion of measures to mitigate the impact of the energy crisis must be approved by the end of the year.

The windfall tax on energy company extraordinary profits has been increased to 50% of profits in 2022, above the average for the period 2018-2021.

It covers around 7,000 companies involved in the production, sale or import of energy and should generate revenues of around €2.56 billion.

This package reduces income tax by 2 points for those earning up to €35,000 and 3 points for those earning less than €20,000.

Raise the 15% flat tax cap to 85,000 for the self-employed up to €65,000 per year.

At the end of next year, the Citizenship Wage Minimum Income Benefit will be abolished for those deemed fit to work.

The bill also makes it easier for people to retire early.

A “Quota 103” system was introduced that allows people to start claiming the national pension at the age of 62 if they have made 41 years of social security contributions.

Prime Minister Giorgia Meloni said the 2023 budget is in line with the promises the government has made to the Italian people.

“Just over a month after its launch, the government has already shown all its solidarity and concreteness, giving serious and detailed answers to the needs of its citizens and of Italy,” she wrote on Facebook.

“[It]was a budget made and presented in record time, consistent with our commitment to the Italian people, with significant resources allocated to families, businesses and the most vulnerable and struggling categories. increase”.

Controversy has erupted over measures in the government’s 2023 budget to raise the minimum amount retailers are obliged to accept electronic payments from €30 to €60, with opposition parties and consumer groups lashing out at the move.

The centre-left Democrats (PD) said it would encourage the use of cash and hinder the fight against tax evasion, violating promises made to the EU for the National Recovery and Recovery Plan (NRRP) in the process. There is

“This is against the interests of the millions of Italians who use electronic money every day and is in contrast to the NRRP.

The United States Consumers Union (UNC) said it would ask the European Commission to intervene.

UNC President Massimiliano Dona said: “The government is pushing us back into the Middle Ages against the needs of consumers and families.

“They think they are protecting shopkeepers in this way, but they don’t realize that they are going against the normal state of affairs across Europe, so they actually have a lot of benefits from electronic payments. It is against the interests of retailers who

European Commission spokesperson Veerle Nuyts said EU officials have not yet evaluated the move as the budget is not final (ANSA).

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