The government has said it has
dropped plans to introduce a tax amnesty after a meeting of
senior figures late on Thursday.
Deputy Premier and Labour and Industry Minister Luigi Di Maio
said overnight that he was "very happy" after the plan to allow
people to come clean on up to 100,000 euros a year of undeclared
earnings for up to five years was stripped from the government's
fiscal decree linked to the 2019 budget package.
Under the plan, people would have paid tax of 20% on the
previously undeclared earnings, which is some cases would have
been much less than the amount due if they had paid on time.
Government sources said the plan would not have generated
significant revenue for the State coffers.
The other parts of the 'fiscal peace' package, including
mechanisms to help people terminate disputes with the tax
authorities, remain.
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