The CGIA points the finger at the big names on the web and FCA
The CGIA against the big names on the web and FCA. In 2018, the former paid 64 million taxes: 600 times less than the taxes paid by our small businesses
The CGIA raises the bar and "lashes out" against the multinationals of the web that produce millionaire turnover in Italy, even if only a very small part is subsequently declared in Italy. This anomaly, therefore, allows these companies to pay very few taxes to our tax authorities.
In 2018, for example, the aggregate of subsidiaries in Italy belonging to about fifteen big technology companies billed 2,4 billion euros (equal to 0,3 percent of the total WebSoft worldwide). The employees who work in our country are almost 10 and these Italian hi-tech giants send a few "crumbs" to the Italian tax authorities: only 64 million euros.
In the same year, however, our micro and small businesses, with less than 5 million in turnover, generated a turnover of 926,7 billion, employing more than 10 million workers. The tax contribution received by these small businesses to the tax authorities was almost 39,5 billion euros: an amount 600 times higher than the revenue paid by the multinationals of the web. The coordinator of the Paolo Zabeo Studies Office declares:
“It has now become a matter of social justice. Thanks to the e-commerce boom, in these two months of lockdown the multinationals of the web present in Italy have increased their revenues exponentially, while the vast majority of small businesses have been forced to close the business by decree. While the burden of taxes continues to remain insignificant for the former, the tax burden for the latter has reached levels that are no longer bearable which the relaunch decree was able to alleviate only marginally. In other words: the time has come to introduce a web tax at a European level to make these technological giants pay the right ".
And although in the Relaunch decree some tax relief measures have been taken that will affect our small businesses, the CGIA remains very critical on the action of the Conte government. CGIA Secretary Renato Mason declares:
"It is true that in addition to the direct compensation, however completely insufficient, the zeroing of the down payment and the IRAP balance of June, the reproposition of the 600 euros, the deduction of 60 percent of the rents of the activities they have seen have also been introduced plummeting at least 50 percent of turnover in the past 3 months and cutting bills. But all this is still insufficient to make up for the disastrous fall in turnover recorded in recent months by many small businesses that, unlike the technological giants, do not have enough liquidity to stand up. "
Furthermore, the CGIA remains very critical also with the other large companies present in our country. Especially with FCA (Fiat Chrysler Automobiles). If the news were confirmed, FCA Italy would be about to resort to the measures introduced by the liquidity decree. In other words, it would like to obtain a large loan using the state guarantees made available by SACE for 6,5 billion euros.
“We hope - concludes Zabeo - that common sense will prevail. It would be unacceptable for a large industrial group that has decided to legitimately move its registered office to the Netherlands to apply for financing with the subsidiary FCA Italy, availing itself of the public guarantees of the state which has instead abandoned. It would be an unbearable thing that the Italian government should not allow ”.
The CGIA, however, recalls that it was not only the FCA that left our country to move to Holland. Eni, Enel, Luxottica, Illy, Ferrero, Saipem, Telecom Italia, Cementir, etc, have also done so.
“These large groups - Mason concludes - did not move to take advantage of the reduced tax rates that the Netherlands does not have, however, but because of the very low levies on dividends, on profits from disposals / participations and on royalties. It would therefore be appropriate that Italy, as France did, also decide to exclude companies with offices in countries that offer advantageous taxation from state contributions ".
