Commitments worth 77 billion – Corriere.it

Warning of fate Construction bonuses still high. After the government’s meeting with banks and companies, the prime minister will intervene in the last few hours ConfindustriaAnd Charles Bonomi. “It is baffling and unconvincing that the government has taken such hasty decisions, throwing businesses and families into a panic and then calling parties,” he scolds the chief industrialist. According to Bonomi, it would have been better to consult companies before passing the ordinance than to stop the bonuses, cancel the transfer of tax credits and the possibility of deducting them on the bill. The other big topic is 19 billion euros of frozen credits in corporate taxpayers unable to remit it to the now ‘saturated’ banking system, after pledging $77 billion in tax breaks in 2020-2022. Bonomi proposes a solution, saying: “We, as an industry, also have to live up to our responsibilities. If the government creates the conditions for making first-class transfers between individuals, then a category of companies that are able to buy the frozen credits can now be identified ».

The urgent need to ensure liquidity for companies is still on the table. The decision reaffirmed by Abi and Anas is the one that has already been made clear to the government: “A timely measure that allows banks to expand their purchasing power, Also using a portion of the tax debt collected with the F24s». In a joint note, the associations of banks and construction companies claim: “The F24 proposal has the advantage of being very quickly applicable without additional implications for public finances.”

The pressure of banks on this type of mechanism is dictated by the need to point out that the financial capacity of the credit sector has now been exhausted. Although the Revenue Agency indicated that the credits absorbed by banks in 2022 amounted to 7 billion, compared to a capacity of 32 billion, ABI notes that the tax figures do not include all the commitments undertaken by banks. In short, the numbers written in the institutional procedures It may indicate that wiggle room is now exhausted. Today also records the Bank of Italy Senate hearing in the context of the fact-finding investigation into tax holidays.

“the superbonus It had a significant impact on the construction sector, as about half of the investments that benefited from Superbonus would not have taken place in the absence of the stimulus, explains Giacomo Ricotti of Bankitalia, who adds: “The burdens of the measure on the public budget remain, however, significant.” To the point of emphasizing: “When designing tax incentives, attention to fiscal balance must be combined with the ability to increase the growth potential of the economy.” At the government level, the executive branch is preparing today, before the final approval expected for tomorrow, to ask the House of Representatives for a vote of confidence on of thousands of extensions.