Tax: Cgia, self-employed people pay 21 billion more in taxes than web giants

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05 June 2021 The Italian micro and small enterprises with a turnover of less than 5 million euros - mainly made up of artisans, small traders and VAT numbers - in 2019 paid 21.3 billion euros in tax more than web companies. The CGIA claims this, explaining that 2 years ago the subsidiaries in the WebSoft sector had a turnover in Italy of 7.8 billion euros, 11 thousand employed, but they paid 154 million to the tax authorities. In the same year, the people of VAT numbers, which count on 3.3 million euros, under 5 million in turnover, generated a turnover of 814.2 billion and paid 21.4 billion to the tax authorities, or about 140 times higher than what have the multinationals of the web.

The pandemic has accentuated the imbalance. The CGIA underlines that with the boom in electronic commerce, in the last 15 months the multinationals of the web have increased their revenues in Italy, while the majority of micro and small enterprises have suffered a worrying decline in revenues. The average level of taxation of these big techs, for Mediobanca, at 32.1%, in our small businesses is around 60%: practically double. For the CGIA it is necessary to drastically lower the burden of taxes on small businesses which, even today, remain at unbearable levels. The CGIA, recalling that the lack of fiscal "transparency" of these technological companies is a problem, welcomes the agreement signed between the EU Parliament and the Council which requires multinationals,to their subsidiaries with an annual turnover of over 750 million and operating in more than one country, to publish and make accessible the amount of taxes paid in each Member State.

According to the Artigiani di Mestre, the reason why the subsidiaries of the web multinationals in Italy benefit from a tax rate of 32.1% lies in the fact that about half of the pre-tax profit is taxed in the subsidized tax countries that gave resulting in cumulative tax savings which, in the 2015-2019 period, amounted to 46 billion. But it is not only the foreign giants of the web that take advantage of the advantageous taxation granted by many EU countries, there are also some major Italian players - Cementir, Campari, Eni, Enel, Exor, FCA, Ferrari, Illy, Ferrero, Luxottica Group - who have transferred the tax or legal office, perhaps only of a subsidiary, abroad. And many have decided to move their registered office to the Netherlands, for example,because there it is possible to benefit both from very favorable company legislation - which allows historical shareholders to have double the votes in the meeting, a method that allows them to better defend themselves from possible takeovers by foreign investors - and, possibly, from a rather generous tax treatment , which the Dutch government reserves for every big company. With these operations, formally unexceptionable from a fiscal-corporate point of view, for the CGIA the tax base of those who pay taxes in Italy has been reduced, penalizing, in particular, small and very small entrepreneurs who, unlike of large companies, they do not have the possibility to move elsewhere.a modality that allows you to better defend yourself from possible takeovers by foreign investors - and, possibly, a rather generous tax treatment, which the Dutch government reserves for every big company. With these operations, formally unexceptionable from a fiscal-corporate point of view, for the CGIA the tax base of those who pay taxes in Italy has been reduced, penalizing, in particular, small and very small entrepreneurs who, unlike of large companies, they do not have the possibility to move elsewhere.a modality that allows you to better defend yourself from possible takeovers by foreign investors - and, possibly, a rather generous tax treatment, which the Dutch government reserves for every big company. With these operations, formally unexceptionable from a fiscal-corporate point of view, for the CGIA the tax base of those who pay taxes in Italy has been reduced, penalizing, in particular, small and very small entrepreneurs who, unlike of large companies, they do not have the possibility to move elsewhere.for the CGIA, however, the tax base of those who pay taxes in Italy has been reduced, penalizing, in particular, small and very small entrepreneurs who, unlike large companies, do not have the possibility to move elsewhere.for the CGIA, however, the tax base of those who pay taxes in Italy has been reduced, penalizing, in particular, small and very small entrepreneurs who, unlike large companies, do not have the possibility to move elsewhere.

An issue that is on the table of the G7 finance ministers in London who are about to sign a historic agreement on the taxation of multinational companies, which should also include a minimum taxation at global level on profits (corporate tax ). The aim of the agreement is above all the big technological giants, such as Amazon and Microsoft, which so far have managed to take advantage of the possibility of having their profits taxed in countries where the tax regime is more convenient.