The provision of the Conte government incurs the dismissal of the Court of Auditors. And the opposition is already relaunching: “Enough Cashback, money for businesses”.
The Cashback plan seems to have been born under a bad moon. Presented as a consumption incentive e a premium for traceable payments, in the long run the slips were counted more than the actual benefits. Basically, a measure that was supposed to bring several benefits, has turned into a two-tone circle that is more Yin than Yang. Moreover, the measure had not convinced right from the start, even on its basic assumption. Initially, in fact, the Cashback was indicated as a possible cause of gatherings, precisely by virtue of the request to carry out transactions on site and with the cashless system.
However, in the long run, the main problem was encountered with the so-called “Cashback crafty”. Microtransactions, even dozens on the same day and for a single expense, which have especially sent fuel dispensers into crisis and stimulated the attention of the Ministry of the Interior. Now, who will not be able to justify this practice, risks being downgraded in the super-reimbursement ranking. But if that were not enough, another problem also intervenes: the Court of Auditors has put the seal on the Cashback. And it’s not one of the good ones.
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Cashback, this time the rejection is sound: the reasons of the Court of Auditors
The 2021 Report of the Court of Auditors, coordinated by Public Finance, takes a snapshot of the Cashback, listing its criticalities and limits. Indeed, in no uncertain terms there is talk of “enormous difficulties”, both in monitoring the economic and tax effects of the whole measure, and in the general framework of the fight against tax evasion. In fact, ithe main reason that had pushed the Conte government to encourage cashless transactions and, moreover, reaffirmed by Draghi as one of the main objectives of the new course. From the start, however, it was clear that Cashback was not particularly loved by the government led by the former ECB president. And, even though he remained, it was understood that it was not the leading tool for combating tax evasion.
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Now, the rejection of the Court of Auditors (which also crushes the reimbursement of 1,500 euros, considered excessive, and also puts a flea in the ear of the Receipt Lottery) reveals the side of the political forces that from the beginning had opposed the measure of the Cashback. The leader of the Brothers of Italy, Giorgia Meloni, rides on the ruling of the Court and relaunches the review of the measure in the coming months: “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“. Perhaps it can be said: Cashback has never been as risky as it is right now. And a few days from the first turning point.