Inflation and Smac deductions, it is unlikely that the IMF will deny our Bureau of Statistics!
In the report by the Secretary of State for Finance Marco Gatti on the revision lines from the tax reform, it is proposed to increase the share of SMAC deductions, despite the absence of controls and actions to calm down prices. The SMAC deductions have proved to be a factor that produce the increase in inflation dynamics: in this situation we are opposed to this proposal. On a recent television, during which the guidelines relating to the revision of the legislation on direct taxes were discussed, I stated that since 2014, when the SMAC deductions were produced, that is the reduction of the tax burden for the expenses incurred and documented in the territory, in San Marino there was a level of respect for the district. The Secretaries of State for Finance and Health stated that, on the contrary, according to the International Monetary Fund it would be inferior to the Italian one in the San Marino one, so much so that it would have advised to use the internal data, instead of Italian, for the purpose of evaluating pensions, thus obtaining a significant savings in social security benefits. I do not know what elements the IMF has to consider the findings provided by the San Marino Statistical Office to be unreliable and, if so, it would be appropriate for them to be clarified, also given that in the past even the representatives of the traders had supported the same thing. It is not a trivial matter that an international organization delegitimizes the work of a strategic office of the state in this way, without triggering any reaction. The trade unions have always been told that the basket and methods are used constantly updated and approved according to the variations adopted by ISTAT, so I see no reason to doubt. Until proven otherwise, the official ones should therefore be taken as reference, which are the following: 2012 and 2013: San Marino 4.4%; Rimini 4.7%; Italy 4.2%; 2014 – 2021: San Marino 7.9%; Rimini 3.9%; Italy 4.9% So, even if the figure is limited overall, it is still double that of the surrounding area. It should be noted that the Rimini and Italian national data indicated are those relating to the NIC index, while those of San Marino refer to that for the families of blue-collar and white-collar workers. In San Marino only the latter is broadcast, while in Rimini only the former but, looking at the Italian national reality, which instead publishes both – in addition to the HICP index, that is the European one – the difference between the two is a few decimal places. Within bread, the item “food and non-alcoholic beverages” stands out: 2012 and 2013 price growth: San Marino 9.3%; Rimini 5.4%; Italy 4.9%. Price growth 2014 – 2021: San Marino 26.1%; Rimini 4.4%; Italy 7.3%. Basically, the prices of the products for which each family concentrates a significant part of their non-deferrable expenses, in 8 years have grown 6 times more in San Marino than in Rimini. The Secretary of State Gatti then challenged the territory intended for this “eventual” and the introduction of the SMAC deductions, to which citizens are to spend their income in order to pay less taxes. In my opinion, however, it is not just a coincidence.
Cs Enzo Merlini General Secretary CSdL