Bank of Italy estimates Italy gaming changes raise €900m annually
Regulation1 min read
The Bank of Italy said proposed changes to Italy’s gambling sector in the 2027-29 budget would generate an average €0.9bn a year. Its preliminary assessment to parliamentary committees also identified additional revenue measures involving energy companies and tax evasion.
Proposed gambling-sector changes would bring in an average €0.9bn a year, Bank of Italy official Andrea Brandolini told lawmakers. He heads the bank’s economics and statistics department and spoke at a preliminary hearing before the parliamentary budget committees.
The other revenue measures in the bill include an average of €0.8bn from a higher levy on energy companies, particularly through a temporary increase in the IRAP tax rate. Measures against tax evasion are expected to raise €0.1bn in 2027, €0.8bn in 2028 and €1.6bn a year from 2029. Higher system charges on electricity and gas bills would raise €1.9bn in 2029.
Banks and insurers face additional taxes totalling €4.4bn in 2027, €2.5bn in 2028 and €0.8bn in 2029. An increase in the financial transactions tax would raise €1.4bn a year.
The bill would spread the 2027 portion of certain tax credits for building renovations carried out in 2023 over ten years, a measure affecting banks in particular. Official estimates indicate that the measure would not change net borrowing because the costs were previously accounted for, but would reduce the borrowing requirement, and consequently debt, by €18.5bn in 2027. That reduction would be offset by an increase of nearly €2.1bn a year from 2028 to 2036.