ROMA (ITALPRESS) – According to the Cgia of Mestre the web giants continue to grind billionaire profits “downloading” on our small and medium-sized enterprises the tax burden they carry out. While Italian companies register a tax rate of 31.9%, the top 25 multinationals of the web in the world, according to the data of the Mediobanca Study Area, have an average tax rate of 14.8%: practically less than half. The Cgia explains that often when a multinational company works in different countries it increases “fittiziamente” the costs of subsidiaries in those countries where the tax burden is high (such as Italy or France). By doing so, it lowers profits, moving most of the profits in the branches located in the realities (such as the Netherlands, Ireland, Luxembourg, etc.) that present very advantageous taxation levels. Thanks to this elusive operation, the almost totality of big companies declares an important share of their total profit in countries where very few taxes are paid. In 2024, the last available data, the first 25 websofts present in the world have realized a profit before taxes pairs to 503 billion euros, pouring, altogether, 74,3 billion euros of taxes. Therefore, the tax rate was 14.8%.
Italian companies, on the other hand, in 2023 realized a profit of 322 billion that has determined a payment to our erarium of 102,6 billion euros of taxes, thus raising the tax rate to 32%. A tax rate more than double that touched by the global web giants. The association Mestrina observes that they are not only the foreign colossi of the web to enjoy the fiscal advantage offered today by different European countries. In recent years, many large Italian groups have moved their legal or tax offices abroad, sometimes limiting themselves to a subsidiary. Preferred destination: Netherlands. The reason is twofold. On the one hand, Dutch corporate legislation is very favorable, because it allows historical shareholders to have double voting in the assembly, a mechanism that arm the company from any foreign scales.
On the other hand, in Amsterdam, the tax reserve rather generous conditions for large companies willing to transfer their tax office there. All legitimate operations, on the tax and corporate level. But with a side effect that is far from neutral: the taxable base is reduced in Italy, and the cost of it is mainly the small and very small enterprises that, unlike the large groups, do not have the possibility of packing and moving elsewhere.
The Cgia Study Office assumes that companies located in all regions of Italy have a tax rate significantly higher than the main big techs in the world. The impact of the tax burden on the profits of our companies located in all regions is more than twice that of the monitored websofts. If, instead, the difference in tax rates is measured, the average Italian figure (31.9) is 17.1 points higher than that of the web giants (14.8). At the regional level, finally, the highest differential is recorded in Lazio which has a tax rate of 18.6 points higher than the average of the first 25 big techs.
– Photo Ipa Agency –
(ITALPRESS).
