Giorgetti at the UDC party: "5% flat tax on salary increases for young people"

"These are all ideas that must be discussed in the government coalition and we need cooperation between employers and the state's willingness to recognize this type of benefit", explained the Minister of Economy

Various topics were addressed by the Minister of Economy Giancarlo Giorgetti in his speech via video link at the UDC party. In particular, the minister focused on a measure of the package designed for young people, a flat tax of 5% on salary increases. "The idea that I put on the table" for young people is that "the salary increases that could be recognized by employers for young people under a certain age could have a preferential tax treatment. I remember the great success that the government's initiative had last year, to recognize a flat tax of 5% on contractual increases. I think that this success can be transferred, with the necessary precautions, also to any salary increases recognized to young people in companies", stated the minister. "These are all ideas that need to be discussed in the government coalition" and "employers' cooperation and the state's willingness to recognize this type of benefits are needed", explained Giorgetti.

The maneuver

And again on the measure, the minister said: "We are approaching what is perhaps the last financial law with a great spirit of responsibility and the awareness that we must try to help and promote development to meet those social classes and classes that so far have not had the attention they deserved. And above all we must make a sort of inventory of the measures adopted and how they impact because there is the risk of duplicating measures on some income classes and excluding others. This must be reconsidered".

The ECB

"The recent increase in interest rates by the ECB, precisely to combat inflation and rising prices, actually translates into greater burdens for those in debt, both families and businesses and also for the State. In these moments in which interest rates are increasing, we understand how important it is to keep the debt under control, to have the possibility of managing to place it and therefore to have the trust of the markets and savers", stated the minister.

Government achievements

And on the results of these four years of government, Giorgetti said: "In these 4 years the government has achieved results in terms of international standing in relation to the management of public finances, without carrying out interventions that are called austerity. We have reduced the tax and contribution wedge, we have promoted incentives for businesses, but it is clear that today, if

I must say, let's take stock of September 13th, inevitably I cannot fail to consider the situations that are emerging on a global level".