Abi: 4 billion from canceling the use of advance taxes, but it is a cost for the banks – News – Ansa.it

“In total, the increased revenue resulting from the postponement of the use of deferred tax assets (DTA) is approximately 4 billion”. which was filed by the House Budget Committee.

Analyzing the step in the movement related to the contribution of the banks, the Italian Banking Association states: “These are ways to postpone the recovery of taxes over period related to negative income components that have already met the requirements of affordability according to the criteria of In. indeed, there is a cost involved in deferring refunds on tax assets.”

in front of “uncertainty of interpretation” of the rule that provides for the presence of MEF representatives in the audit boards of companies that receive public contributions, “it seems appropriate, remove any doubt that may exist, that the rule be changed by specifically excluding its -all private entities from its field of application”, asking the Abi to introduce the rule, in addition, in which it would also give private companies the obligation to comply with consumption limitation measures “that would raise obvious aspects of unconstitutionality”.

“With the recall” of the Ace “an important tool” for businesses has become obsolete “and, for this reason, it is hoped that it will be restored again”, wrote the Abi again. “Mechanisms such as ACE – or similar incentives – bring direct benefits to businesses (capital, scale growth, access to credit, increased investment capacity, resilience) with a positive impact on the economy as a whole”, says the ABI , affirming “the essential element for healthy and lasting economic growth is the financial health of companies.

Regarding the Guarantee Fund for SMEs, the ABI recalls that the trial period for the reform of the Fund ends on 31 December 2024, “by which the operation of the aid instrument was reshaped after the level of extraordinary activity allowed from the adoption of certain actions. regulatory frameworks on state aid by the European Commission in relation, first, to the pandemic and, then, to the energy crisis as a result of the conflict between Russia and Ukraine”.

“The ABI believes it is essential to maintain the viability of the Fund at current levels; this instrument is indeed at the heart of the country’s economic policy, as it has, among other things, shown effectiveness and efficiency in promoting access to credit for small and medium-sized businesses. “, we read in the memo: according to the banking association, “it is necessary to verify the regulation introduced by the order of progress, making it structured, so that banks and businesses can carry out their activities planning, with certainty about the public benefits available. This initiative should also be accompanied by an appropriate refinancing of the aid instrument for 2025”.