30 April 2008

Throttled by paying sales tax up front

The relaunch of enterprise needs immediate and decisive action. One of the problems, in particular for the SME is cash, having liquidity for investment, or even for current trading, without having to get credit, and thus without having to get into debt and having to pay interest which is ever more onerous because of the increasing cost of money.
Italia dei Valori as its first action in its parliamentary activity will propose the abolition of the regime of paying sales tax up front on invoices issued. The recovery of the sales tax should happen on payment of the invoice. This measure if approved by Parliament will allow the companies to shake off a financial burden and to avoid having long waits for the repayment of the sales tax and the adjustments. Paying the sales tax up front today is of benefit to the banking system but not to industry as the companies are often obliged to get into debt to carry on their activity.
This initiative is just the first one that Italia dei Valori will carry out, to allow the development of companies and to put them in a condition to be able to compete in the Italian and international market.

Posted by Antonio Di Pietro in Economy