Feb 19 • 00:00 UTC 🇮🇹 Italy La Repubblica

From the government a blow to the newspapers, farewell tax breaks on paper

Italy's government has ended tax breaks for newspaper publishers, igniting criticism from the industry.

The Italian government has made a controversial decision to eliminate tax breaks on paper for newspapers, a move that has drawn sharp criticism from publishers who feel abandoned by the state. The ongoing legislative process, known as Milleproroghe, is set to see a vote in the Chamber of Deputies, where two significant issues remain contentious: the halt of tax credit extensions for paper purchases and a limited reprieve in employment bonuses for youth and women. Publishers argue that this decision will undermine the already struggling media landscape in Italy.

In the recent discussions within the Chamber's Constitutional Affairs and Budget commissions, a bipartisan amendment aimed at extending the paper tax credit for an additional three years was ultimately revised to only maintain a reimbursement mechanism for editorial shipments via postal services. The full tax credit was removed, reflecting a broader trend of government retrenchment in support of the media sector. Publishers are voicing their displeasure, stating this decision is yet another example of the government's neglect toward an industry already facing significant challenges.

The implications of this decision are far-reaching, as it not only signals the government's reduced financial support for the press but also raises concerns about the future viability of print media in Italy. Without tax incentives, many publishers fear for their survival, which could ultimately lead to a reduction in diversity of voices and investigative journalism. As the debate continues, it remains to be seen how this will affect the media landscape and public discourse in the country.

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