30 March 2006

Tremonti’s creative finance

Currently the CDL, not having their own programme, apart from insulting individuals, the speciality of the Prime Minister and once of the pre-march fascists, are always talking about the Unione’s programme. They are doing it while saying falsities that are so evident that they are falling into the pathetic.
In particular when they talk about taxes.
I’m repeating this for the umpteenth time; my objective is that less tax should be paid but that it should be paid by everyone so that it is fair.
Make the finance people pay taxes and the inventors of creative finance which is simply a way of taking value from small shareholders, companies and the State.

The example of this conduct comes from on high.
In 2001, Bell sold 23% of Olivetti to Benetton and Pirelli and made 7,200,000,000 Euro with 3,000,000,000 Euro in capital gains and yet not even one Euro was paid to the State in taxes.
Bell’s shareholders were Hopa, Gpp, Urmett, Mps, Antonveneta, Interbanca, Bc partner, Unipol, the Lonati family, Oak Fund, Gruppo Falck, Gazzoni Frascara.
Bell is a Luxembourg company (a box?) that was managed by Olivetti and Telecom Italia with an “esterovestizione" (comouflaging as though based abroad) for the purposes of tax evasion. It was one of the most important Italian industrial groups.
The consultants of this brilliant operation pocketed (according to the accounts approved this week by Bell) 31,000,000 Euro itemised as “invoices to be received for past contributions”.
Bell’s consultants are the studio Zulli and the studio Tremonti Vitali Romagnoli Piccardi that has been called studio Vitali Romagnoli Piccardi since Tremonti became Minister.

In 2002, the Tax Collection Agency asked Consob for information connected to the Bell sale.
But Tremonti, then Minister of the Economy, eliminated capital gains tax in Italy as well.

Posted by Antonio Di Pietro in Economy