In the latest episode of Italy's long-standing drama, "The Battle Against Tax Evasion," Deputy Minister of Finance Maurizio Leo, a key player in Giorgia Meloni's government, has delivered a performance worthy of an Oscar for Best Dramatic Declaration. With a flourish of rhetorical bravado, he proclaimed tax evasion to be on par with terrorism, stating the Italian state misses out on a staggering 80 to 100 billion euros annually due to this nefarious activity.
Italy's Prime Minister Giorgia Meloni, who heads the far-right Brothers of Italy party, has previously criticized the pressure for card payments as an “illegitimate gift to banks” and a “hidden tax” on small businesses. In the campaigns, she vowed to push back and partly reinstate a cash society. She also plans to raise the cap on cash payments to €5,000 from the existing limit of €1,000. However, following talks with the EU Commission over the issue, she may reconsider her position.