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BackManeuver 2027, 5 billion from micro taxes: what they are
Maneuver 2027, 5 billion from micro taxes: what they are
Politics
Sky TG241 hour agoPolitics2 min readItalyView original

Maneuver 2027, 5 billion from micro taxes: what they are

The maneuver provides for increases in excise duties on tobacco, doubling of slot limits, fifth Lotto and Superenalotto draws, electricity charges for businesses and doubling of the Tobin Tax

Quick Look

  • The Budget Law provides for a double increase in the price of cigarettes in 2027, in January and July, with an average increase of 40 cents per pack and a revenue of around 112 million euros.
  • The Maneuver also introduces a fifth weekly draw for Lotto and Superenalotto, doubles the limits of slot machines, finances part of the aid against high energy costs through charges on electricity bills from 2029 and doubles the Tobin Tax on financial transactions, with an estimated revenue of 1.38 billion euros per year starting from 2027.

AI-generated summary

Why It Matters

The Budget Law contains several measures to increase state revenues, including interventions on tobacco excise duties, gambling, electricity bills and the Tobin Tax. Some increases were already foreseen by the Budget law of the previous year with entry into force from 2028, but they were brought forward to 2027.

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In detail, the Budget Law provides that in 2027 there will be a double increase in the cost of cigarettes: there will be a first price increase in January 2027 and a second starting from the first day of July. The increases were already foreseen by last year's budget law, but they should only have come into force from 2028. The average increase will be 25 cents per package from January, and then rise by another 15 cents in July. The additional revenue obtained from the excise duty intervention should be around 112 million euros.

For further information:

A double increase in cigarette prices is coming: here's how much prices will increase

And then there is the chapter regarding gambling. The maneuver involves doubling the limits of traditional slot machines by increasing the maximum bet from 1 to 2 euros and the maximum win from 100 to 200 euros. The tax paid by operators on the sums wagered also increases: from 24 to 25% for traditional slots and from 8.6 to 9.6% for video lotteries. In this way the State should secure over 1.1 billion more in the next three years, again according to estimates developed by Il Sole 24 Ore.

For further information:

The special on the maneuver by Sky tG24

The maneuver then opened up an additional possibility of trying one's luck with Lotto and Superenalotto, thus providing new revenue for the state coffers. In fact, a fifth weekly draw has been introduced for both games, as well as for the optional and complementary ones, to be carried out on Wednesdays, as provided for in Article 29 of the Budget bill, according to which the Customs and Monopolies Agency will then be responsible for establishing the new appointment within 60 days of the law coming into force.

The fifth draw, in fact, will be added to the four already planned and - according to what we read in the technical report - could bring 30.5 million more euros into the state coffers in 2027, destined to rise to 43.1 million per year from 2028.

While on electricity bills, articles 82 and 83 of the Budget provide that from 2029 part of the aid to businesses against high energy prices will be financed through charges on electricity bills. For energy-intensive companies, electricity costs of 800 million in 2029 and 700 million in 2030 will be drawn upon, while for non-energy-intensive micro, small and medium-sized enterprises the resources amount to 600 and 500 million respectively. The mechanism concerns the last two years of support, while allocations from the state budget are foreseen for 2027 and 2028.

And then there's the Tobin Tax on financial transactions. That is, this is the levy on purchases of shares of companies with a capitalization equal to or greater than 500 million: it would rise from 0.20% to 0.40% for operations on regulated markets and multilateral trading systems. Outside these markets it would go from 0.40% to 0.80%, while the rate on high-frequency trading would rise from 0.04% to 0.08%. This operation should bring an additional 1.38 billion euros into the state coffers per year, starting from 2027.

Here is an example: on a share transfer subject to the ordinary rate, with the calculation on a tax base of 10,000 euros, the Tobin tax goes from 20 euros in 2025 to 40 euros in 2026, until reaching 80 euros in 2027.

For further information:

Budget 2027, how many funds are allocated (for now) to cybersecurity? What we know

What to Watch

AI outlook — possibilities, not facts

  • The additional revenue from excise duties on cigarettes will reach around 112 million euros in 2027

    Likely · Within months

  • The fifth weekly Lotto and Superenalotto draw will bring 30.5 million more euros to the state coffers in 2027, rising to 43.1 million per year from 2028

    Likely · Within months

  • The Tobin Tax will generate an additional 1.38 billion euros per year starting from 2027

    Likely · Within months

Open Questions

  • What is the exact impact of the double increase in cigarette prices on tobacco consumption and the tobacco market?
  • How will gambling operators react to increased taxes and doubling of slot limits?
  • Which businesses will specifically benefit from high energy electricity charges from 2029?
  • What is the exact timing of entry into force of each measure envisaged by the Budget?

Related Topics

This article was originally published by Sky TG24.

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