A proposal in Italy's draft budget is not in line with its previous commitments to incentivise electronic payments as a way to boost tax compliance, according to a former Italian Treasury official who helped negotiate the accords.
One of the so-called policy "milestones" in Italy's pandemic Recovery Plan agreed with Brussels in return for around 200 billion euros of EU funds was the introduction of sanctions for retailers who refuse to accept card payments.
Economics professor Alessandro Santoro, a former Treasury official who hammered out some of the terms of Rome's Recovery Plan with Brussels under the former administration of Mario Draghi, said that while Meloni's plan may not formally break Italy's contract, it broke its spirit. However, he said that because the Recovery Plan milestone mandated sanctions but did not specify the details of how they should be applied, Rome had probably managed to skirt the risk of a clash with Brussels.Meloni is more indulgent towards cash than her predecessors, something which critics say risks encouraging tax dodgers in a country where more than 100 billion euros evaded every year, according to Treasury data.
The imposition of the sanctions, which amount to 30 euros plus 4% of the value of the transaction, was one of the conditions for the 21 billion euro tranche of the Recovery Fund money that Rome secured in the first half of this year.
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