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GgoogleIT BusinessEconomy first seen 14 h ago, last 12 h ago, peak #2

Italy's invisible tax to claw back 13 billion from wages and pensions

Original: torna la tassa invisibile stangata da 13 miliardi su stipendi e pensioni

Fiscal drag — the 'invisible tax' known in Italy as bracket creep — is back at the centre of public debate, with reports estimating it could cost salaried workers and pensioners up to 13 billion euros. The tax does not appear on pay slips: inflation pushes incomes into higher tax brackets, eroding purchasing power without any visible increase in tax rates, prompting calls for indexation and government intervention.

Why now: Rising inflation and debate over the 2025 budget have renewed attention on how bracket creep quietly reduces take-home pay and pensions.

ItalyItalian governmentItalian workerspensioners

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