Plan cashback wanted by Conte, he goes to the final rejection. “An initial analysis on the management of measures aimed at favoring the use of electronic money, although inevitably partial, revealed the existence of criticalities and limits in the experience gained so far“.
The whys of the flop
This was underlined by the Court of Auditors in the 2021 Report on the coordination of public finance. For the Court of Auditors, with regard to cashback, there would seem to be enormous difficulties in monitoring the real economic and tax effects of the measure. “The continuation of the Program – observes the Court – must find support in the thorough knowledge of elements such as the assessment of the effects produced in the various sectors concerned and the impact in terms of the emergence of previously hidden revenues and feesAbove all, failures are under accusation distinctions between the goods and services involved in the transactions and the subjects who render the service: the Court hopes that it would be preferable, in order to limit the phenomena of tax evasion, “a solution that favors payments to small to medium-sized operators by providing a differentiated incentive. As for the minimum number of operations required in the semester for the payment of the reimbursement, it appears small, weakening the interest in using electronic payment“.
“Limit the number of operations”
As for super cashback, according to the Court of Auditors, “in order to contain abusi – which the data provided by the Department as of April 30 seem to confirm – pit might be appropriate to limit the number of transactions that can be carried out with the same operator during the same day (even if with different cards), thus also limiting the probable artificial splitting of purchases“. Furthermore, “the amount of the premium, 1500 euros to the first 100 thousand users by number of transactions in the half year, appears excessive“. We have recently dealt with the problem of micro-operations (here our article) with the narrowing on the” crafty “decided by the government that blocks the possibility of making micro-payments within a short distance of each other at the same merchant. to accumulate transactions necessary for the 10% refund program on payments with cards, ATMs, shopping apps and traceable electronic means. Suspicious users will receive a text message alerting them to the checks and, from that moment, they will have seven days to justify why of many small operations so close in time. “No crafty Cashback. We have fine-tuned the system, via the IO App, for to avoid micro-payments at the same business. A practice that someone resorted to, incorrectly, with the aim of more easily reaching the minimum number of transactions and “climbing” the ranking of the super Cashback. In fact, the requests for clarification on transactions considered anomalous have started which, without a valid justification, will be canceled“, the Deputy Minister of Economy, Laura Castelli, wrote on her Facebook profile.
Another flop: the receipt lottery
Another disappointment is also given by the receipt lottery which, according to the accounting judiciary, “it turned out to be somewhat limited and sectorial, concentrated in large-scale distribution” e “an obstacle is certainly constituted by the complexity of the operations, while the only deferred knowledge of the winnings constitutes a further obstacle to participation, weakening the interest of the consumer“. Finally, the Court of Auditors found that”from the first elements regarding the tax credit of 30% of the commissions charged for transactions made by credit, debit or prepaid cards, it emerges that between September 2020 and April 2021, the compensated credits amounted to a total of 3.31 million, involving a limited number of subjects“, reason why”it remains to be assessed whether the measure can produce the expected effects with specific reference to smaller economic activities, in which resistance to the use of electronic means of payment is concentrated“.
“Enough with these follies”
As always, the president of Fratelli d’Italia, Giorgia Meloni, is outspoken. “The Court of Auditors bowl the Cashless plan introduced by the Conte government: the receipt lottery has not collected any interest and the cashback is not classified – attacks the Meloni on Facebook – And to think that to introduce this plan, which is useful only to make banks and companies that manage electronic money profit, the Giallorossi government has allocated the beauty of 5 billion. Enough of these follies, Draghi immediately intervenes to abolish these measures by allocating funds to small and medium-sized enterprises that risk closing their doors“.