The state cashback, both the Christmas one and the “fully operational” one that will start on January 1st 2021, is a “gift” to the wealthiest sections of the population. Those who have the most choice and who, therefore, will be able to take advantage of the new measure designed by the Government to encourage electronic and digital payments. However, all taxpayers, regardless of whether they use it or not, will pay for it, underlines the Studies Office of the CGIA in Mestre.
State cashback “gift for the rich”: the research of the CGIA Studies Office
Despite the difficulties that millions of Italians have encountered in the very first days in registering the profile and payment methods, the Christmas Cashback is already scoring excellent numbers. In the first few days, 2.5 million transactions were recorded for a total of 10 million euros accumulated by the Italians. Too bad, however, that the measure will inevitably end up favoring the richest.
As stated in a report by the CGIA Studies Office in Mestre, “it will be a measure that it will especially favor those with a high spending power. People who, according to statistics, live in large urban areas in the North, have a professional status and a medium-high level of education. In short, a measure for the benefit of the rich, but paid for with everyone’s money ”.
In support of their thesis, the experts of the CGIA Studies Office bring the report “Expenditure for household consumption – Year 2019” from Istat. From the data of the Statistical Institute it emerges that the difference in spending between North West and South Italy is 750 euros. At the regional level, the gap between north and south grows further: in Bolzano the average expenditure is 1,500 euros higher than that of the Apulians.
State Cashback, the “unique fight against tax evasion”
According to the government forecasts, the cashback will cost 4.7 billion euros in two years. Amount paid with the taxes paid by all taxpayers, even those who will not be able to fully exploit the “reimbursement” of 10% of the expenses made in physical stores. All in a context that is anything but rosy for the Treasury coffers.
As CGIA secretary Renato Mason underlines, “compared to 2019, this year our treasury will register, due to the negative effects caused by the Coronavirus on our economy, a reduction in tax revenues of 48 billion euros, of which more than 7 following the reduction in collections due to tax evasion activities “.
The same figure, underline the experts of the CGIA of Mestre, could have been put in place more effective measures in contrasting tax evasion, favoring at the same time entrepreneurs and professionals who use the POS.
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