ROME – The Council of Ministers is expected to approve next week the decree on the taxation of wages linked to productivity. It is the decree implementing the rule laid down by the last Stability Law which establishes a preferential taxation to 10% of so-called performance bonuses. Totally exempt from taxation – and this is new – will be the vouchers that the employee will receive, as an alternative to pay premium, welfare services, the right to asylum to pay the babysitter. The employee may allocate the prize also supplementary pension or complementary health. This year has been allocated 483 million euro, 520 for 2017 and also for 2018.
PLAN PRODUCTIVITY ‘
The decree does not belong in the strict sense the “productivity package” that the government is studying but it is politically connected and is the first move in that direction. Without a recovery in productivity it will be difficult for the Italian economy can achieve growth rates of at least close to those of the EU average. The Italian productivity, in fact, has stagnated for about twenty years. According to OECD data, taken in a study of Bank of Italy, between 1998 and 2011 labor productivity (output per hour worked) has grown in our country by 3.6%, compared with 17% in France and Germany, and over 20% in Japan, the US and Britain. This is our true competitive gap tied largely, but not only, the size structure of enterprises (well over 90% of those who adhere to the Confindustria are small, ie with less than 15 employees). Small businesses that do not have the resources to invest in technology innovation but also in the formation of human capital. It is not irrelevant to understand the depth of the Italian difficulty, remember that in the recession Investments dropped by 30%.
So raise productivity to try to give a little ‘of solidity to signs of recovery , with mixed results, however there are. Yesterday they arrived Istat those on industrial production: + 1.9% in January compared to December; + 3.9% per annum (the best result since August 2011).
AWARDS
The government will act on different keys, from that tax to that the liberalization of certain markets. Meanwhile focuses on restoring bargaining, with some new features, tax benefits (there were not in the penultimate law of Stability) for corporate or territorial bonuses for the achievement of the objectives of productivity, profitability, quality, efficiency and innovation. Company and unions will set, in the company or territorial bargaining, the objectives to achieve. If you get the prize you will trip up to a maximum of € 2,000 a year, taxed at 10% and not according to the personal income tax rates that grow with the increase in taxable income. The tax-free prize may rise to 2,500 in the companies that will sign agreements with the unions with the involvement of employees in work. First participation shoots. The stalls of the workers concerned has been extended to those who have an annual gross income of 50,000 euro (previously up to 25 thousand), essentially also cover the paintings. For Paul Zabeo, studies coordinator of the Office CGIA Mestre, “the return to the tax reduction to 10% of wages in productivity is a priority essential to raise the incomes and productivity.” Cgia calculates the tax savings for awards from 2000 EUR range from 300 to 700 Euros.
THE CORPORATE WELFARE
The employee can choose between the premium cash and vouchers (which involve small and medium-sized enterprises) to obtain a corporate welfare service (the kindergarten or caregiver). In this case the sum will be totally tax free. The company will also distribute the profits as performance bonuses, and even then we will apply the fiscal benefits.
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