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The proceeds will go to small merchants affected by the obligation to lower the blind due to Covid 19
by Alessandro Galimberti
The proceeds will go to small merchants affected by the obligation to lower the blind due to Covid 19
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Pending an increasingly complicated OECD / G20 / EU international negotiation, and in which the rainbow of the new Biden administration is not at all obvious, Piedmont throws its heart over the hurdle and launches a (proposed) web tax in times of Covid-19 and blockade. An ambitious proposal, 5 to 10 times more punitive for large technologies than the tax on digital services in force since last January, intended to involve other regions to move the national legislator and, however, suffers from some objective unknowns.
The proposal
But let’s go step by step. Governor Alberto Cirio of Turin has launched his “equalization” proposal. Given that big technology, the privileges of the digital economy were not enough, they are benefiting from an estimated blocking advantage of + 31%, and with the neighborhood stores definitely paralyzed, it is the case that Piedmont advances in defense of commerce traditional. . How? Bringing the tax rate for over-the-top from 3% on turnover (standard shared by many national web taxes, starting with the French and Italians, in fact) to 15% in times of Covid-19, a target rod to double in flagrante delicto. blocking the red zone. The objective, according to Cirio, is to get five regional councils involved to bring the proposal as a law amendment to Parliament. The profits will have a destination restriction of equalization, says the governor, because “we will give them all to the small merchants: bars, shops” hit by low blinds for Dpcm.
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Italy and Europe
With a constitutional leap – the reformulated Article 117 recognizes the Regions a mere “coordination of public finances and the tax system”, not yet a new role in matters reserved to the State – since the former Kingdom of Savoy, it is at least ideally intended remedy ‘impasse that for a decade has blocked the international community in terms of taxes on digital services. It is no coincidence that the EU Commissioner for the Economy, Paolo Gentiloni, reiterated in recent days that “if it is not possible to reach a global agreement in the OECD-G20, the EU Commission will raise the proposal for a European digital rate within the semester of next year. ”The first semester within which the OECD, after having resigned to comply in December 2020 as it had been announcing for years, has postponed the appointment with a globally shared solution for a web tax that, as may be said , he can’t do without the American backing (and it’s far from obvious that Biden is more concessive than Trump).
The weight of great technology
Speaking of the tax on digital services, the pandemic has overshadowed the launch of the tax on Gafa + Microsoft, expected in the first collection for March 2021: it would be 708 million foreseen in the budget law for 2020, but pending The pandemic has lost the trace of provisional measures and obligations. The total turnover in Italy in 2018 of the 15 main digital services companies in the world – all of American or Asian origin – according to Mediobanca was 2,400 million, a significant figure but that in addition to being affected by aggressive tax optimization plans in reality, a very low collection of corporate taxes (64 million), only partially offset by the results of the judicial initiatives of the Milan Public Prosecutor’s Office. The clause for restitution / compensation of any excess over the differential between the future global web tax and the amount already paid to the tax authorities has also been added to the Dst. Italian.
