Dear fuels, the government meets businesses. Towards a new decree

Tomorrow morning at Mimit il government meet them businesses to try to lend a hand after the rift that has taken place in recent days with the productive world on Dl fiscale. In the meantime, the executive is also working on a possible new decree on the matter expensive fuel: one might arrive extension of the temporary 25 cent cut in excise taxescurrently in effect until April 7.

The prevailing orientation in the government at the moment, as reported by qualified sources, would be to proceed with one extension of the decree law on the cut in excise duties on fuel launched after the surge in the price of petrol and diesel following the conflict in the Middle East. The measure could arrive in Cdm immediately after Easter, Tuesday 7 April. However, an evaluation regarding the duration of the measure is underway. 20 days were chosen for the first decree while waiting for more information on the possible duration of the war. At the moment there is no immediate end to the conflict in sight. Now, to better calibrate the financial weight and therefore the extension of the new legislative decree, the executive would wait for the communication on Friday 3 April from theState with the sui update national economic accounts.

The tax dossier and Confindustria’s criticisms

The other hot filethe one on taxhowever, encounters the economic repercussions of the ongoing conflict. Confindustria claims that the new Dl fiscalelaunched last week by the CDM, opens “a critical front between the Government and the production system, with direct effects on investments linked to Transition 5.0“. The president of the industrialists Emanuele Orsini spoke of “strong concern” about the “lack of resources allocated to exoduses linked to the Transition 5.0 plan“. Other employers’ associations have also expressed criticism of the measure.

The reduction of the tax credit and the proposals

At the origin of the dispute is the reduction to just over 500 million euros of the allocation linked to tax credit for Transition 5.0initially expected around 1.3 billion. This is the tool designed to support the process digital and energy transformation of companies. Oral companies ask for clarification. Il Mimit and the Tesoroit is reported, are studying a series of possible proposals to present at the table. We also talk about the hypothesis of freeze the norm. The text of Dl fiscale is expected next Tuesday in the Senate Committee.

Limited resources and geopolitical uncertainty

The main problem remains that of limited resources available, in a context that suggests to the government the cost containment. At this juncture of strength geopolitical uncertaintythe funds initially intended for tax credit on Transition 5.0 they could also be allocated to other intervention items. Yesterday the Minister of Economy Giancarlo Giorgettispeaking to G7 Finance, Energy and Central Banksargued that the energy measures to counteract the increase in energy prices “they must be targeted, temporary and based on a shared approach, keeping in mind the impact of the crisis in different countries. We must find the right mix between monetary and fiscal policy“.