If the agreement signed yesterday in London to levy the tax on big technologists had been positively welcomed, then secondly, we suspect that we would not have been able to successfully deal with the ambiguous steps that these multinationals have always implemented. Polo Sabio of the CGIA Studies Office says: “Given the immaturity of the services they provide – Sabio concludes that it will be difficult to establish in which country these web giants will make a profit, and as a result, how many taxes will have to be paid in that country. Moreover, it does not extend to all existing members of the European Union, which offers tax incentives to multinational corporations – the Netherlands, Ireland and Luxembourg – as a whole. Comparison between small and large tech companies, In Italy: Italian micro and small enterprises with a turnover of less than 5 million euros – mainly mainly handicraftsmen, small traders and VAT numbers – paid നികുതി 21.3 billion in taxes in 2019.1 Also, compared to web companies in Italy. Two years ago, in fact, the total number of subsidiaries in the WebSoft sector recorded a turnover of 8 7.8 billion in our country; The number of employees employed in these realities is 11 thousand units, and the Italian tax authorities paid only 154 million euros.2. In the same year, people with VAT numbers below 5 million generated 814.2 billion in turnover, and the tax contribution of these 3.3 million small businesses was 21, 4 billion euros: almost 140 times higher than the revenues of the Web’s multinationals. The tax burden on tech giants has doubled: According to Mediobanka’s research department, the tax rate for these large technologies is 32.1 percent on average, while in our small businesses it is 60 percent: practically double. Now, as a result of the above, no one wants to tighten the tax burden on big web companies, and God forbid if there is anything needed to significantly reduce the tax burden on small businesses. Today, continue at an unaffordable level. Why can affiliates of major Internet multinationals in Italy benefit from the 32.1% tax rate? For the simple reason that subsidized taxes account for about half of pre-tax profits, it has resulted in a total tax profit of more than 46 46 billion over 2015-2019. But even the big companies in our house avoid the tax authorities, However, not only the foreign giants on the web, but also many European countries are taking advantage of the benefit tax allowed. Over the years, in fact, some of the biggest Italian players have transferred tax or legal office, perhaps only to a subsidiary abroad. For example, we are talking about Cementir, Campari, Eni, Enel, Exor, FCA, Ferrari, Ferrero, Illy, and Laxotica Group. Many of these have decided to move their registered office to the Netherlands, for example, where they can benefit from two very favorable company legislation – allowing historic shareholders to get double votes at the meeting – defending themselves against a system that allows them. From possible acquisitions with foreign investors – the Dutch government is ready to open a tax office in Amsterdam, a completely generous tax treatment reserved for all large companies.
Through these activities, the formal and impeccable, from a finance-corporate point of view, however, the tax base of taxpayers in Italy has been reduced, and as we have seen, in particular, small and medium-sized businesses are being fined. Unlike big companies, they have no choice but to leave their bags and luggage and go somewhere else. “
1 Irpef, IRES, IRP.
2 Mediobanka Studies Area, “Websoft Giants Resistance to Pandemic”, Milan 14 October 2020. Data on employees is undervalued because it does not include the Italian branches of Luxembourg companies on Amazon. Current and research monitoring groups in Italy are: Adobe, ADP, Alibaba, Alphabet, Amazon, Booking, eBay, Expedia, Facebook, Microsoft, Netflix, Oracle, Auto, Quartet, Sailforce, SAP, Uber, Wipe.
As mentioned above, we are dealing with tax cuts in our country, which are aimed at a specific sector, which is very important in the economy, and the above considerations focus on assumptions, but we would like to add to this that reducing our local tax burden on the entire financial world – the biggest economic pressure in Europe – on bureaucracy , We can not enjoy a valid resume and growth. Of course, reducing the tax burden in Italy is not easy, and considering the horrors of public debt, it affects us, so the only solution to be implemented is to ensure growth and limitations. Of the Public Administration.
Pierrantonio or Braggio
Prone to fits of apathy. Unable to type with boxing gloves on. Internet advocate. Avid travel enthusiast. Entrepreneur. Music expert.