The resumption of the purchase of tax credits
This clear chain meant that Banco Bpm immediately resumed its business of purchasing tax credits. “The temporary suspension arranged so far – they explain – depended exclusively on a technical factor linked to the limitation of the number of transfers contained in the Dl Sostegni Ter”. Now, with the latest news, it is possible to return to full operation.
Similar atmosphere on the part of Poste Italiane: although not among the subjects registered in the register provided for by article 106 of the Tub, who can access the extra transfers provided for by the new rules, the certainties acquired with the new rules will soon allow to reactivate the sales platform. And also sources of Cassa Depositi e Prestiti (which, however, held a marginal market share, around 2%) let it be known that, with the approval of this provision, it will be possible to restart the operations of the services dedicated to sales.
Towards a more rigorous market
Many operators, however, agree that a different market will re-emerge from this earthquake. Above all, because it will be a more controlled market. Starting from the very harsh penalties that were included in the decree, taking up article 236 bis of the bankruptcy law, on the arrangement with creditors. Now, not only the perpetrator of the fraud (who is sometimes disguised by a wooden head) is affected, but a subject who is always certainly identifiable: the sworn professional. Very heavy penalties are foreseen against him (from two to five years of imprisonment plus possible aggravating circumstances) not only in the case of active conduct (the attestation of false information) but also of omitted reference of relevant information.
In the same way, the objects of the crimes of aggravated fraud, embezzlement and undue perception of public funds are reformulated, to make them more easily applicable also to cases of fraud related to bonuses. Not only that: the ceiling of the compulsory insurance of professionals is linked to the amounts of the interventions subject to certification, with a one-to-one ratio, even over 500 thousand euros.
All elements that, taken together, suggest that extremely rigorous control procedures, already adopted so far by some (but not all), will spread on the market, favoring subjects capable of managing complex organizational models. More complexity, however, will lead to a probable increase in costs: assigning a credit could become less convenient. And, even, the price of the credit could be negatively influenced by the number of residual exchanges: selling the credits with fewer steps available could cost more.
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