Giorgetti proposes tax incentives for firms that raise wages and hints at expanding flat tax scope
Speaking at a Lega event, Giorgetti outlined a proposal to grant tax breaks to firms that boost pay, targeting youth employment and aiming to curb brain drain. He also referenced the possibility of lifting the income threshold for the 15% flat-tax rate. The minister dismissed calls for higher taxes on banks, arguing that competition would naturally curb excess profits. Additionally, he noted the Lega’s suggestion to set the retirement age at 64 to address generational disparities, while stressing long-term fiscal sustainability.
At a Lega-hosted gathering, Economy Minister Giancarlo Giorgetti presented a plan to create a fiscal incentive for businesses that raise wages, with a focus on younger employees, as a means to improve purchasing power and retain talent. He indicated that the government might also raise the income ceiling for the 15% flat-tax regime, a move that could free up resources for other priorities. When asked about proposals to increase bank levies, Giorgetti argued that introducing competition would automatically reduce positional incomes and excess profits, benefiting the public.
He also referenced the Lega’s proposal to lower the pension age to 64 to correct perceived inequities between workers who started before and after 1996, while emphasizing the need for long-term budget balance. The discussion touched on broader fiscal challenges, including high energy costs and European budget constraints, and Giorgetti reiterated his commitment to safeguarding Italian interests amid rising public debt.
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