22 March 2007

Companies and Tax

This government’s Budget and tax measures are producing good results.
However I consider the tightening of the tax regime for those who already pay taxes to be unjust and contrary to the rekindling of the country’s economy and in fact to be an incentive for capital and production activities to flee the country. Unfortunately there are numerous examples.
One of these is the decision to retroactively make the cost of a company car not deductible. Thus the companies with a fleet of cars must commit to “pay back” to the coffers of the State for the years of deductibility that they have made use of.
This measure and others aimed at ‘punishing’ the honest tax payer instead of taking action to unveil the true tax dodgers leads to only a temporary benefit, with a series of negative consequences: suffering and even closure of the companies with low levels of liquidity and with little access to credit, indebtedness to the banks for those that are more solid, lowering of the levels of regular employment as an employee, flight of our entrepreneurs from the country.
In fact certain tax measures deliver companies into the hands of the banks. The objective of Italia dei Valori is certainly not to give unilateral strengthening to the banking system and to weaken the entrepreneurial structures, but rather to strengthen the economy and attract investment from abroad.
Italia dei Valori will take action to see that certain measures are revised. The Tax Office cannot allow itself to only be strong with those who are honest and to ignore tax dodgers.

Posted by Antonio Di Pietro in Economy