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Piedmont President Alberto Cirio presented a regional law proposal for the taxation of large electronic commerce companies. The law, which will reach the regional council today, after being approved by the board, affects all companies with a global turnover of at least 750 million euros, of which 5.5 million in Italy. Piedmont’s goal is to make the provision national if at least four other regional councils share it.
The proposal provides for two separate taxes. The first, also valid outside the period of the coronavirus pandemic, establishes that the large multinationals on the web pay a tax of 15 and no longer 3 percent. Piedmont estimates annual revenues, nationwide, of 2,000 million euros, compared to 700 million today. The difference would be used to support small businesses.
Instead, the second point of the proposal would foresee that from 15 percent, during the coronavirus crisis, the taxation of large electronic commerce companies will increase to 30 percent, during the entire period of company closures due to restrictions imposed by the government. . Also in this case, the increased revenues would go to support the smallest companies and those most affected by the closures.
«I am a liberal – said Cirio – but being one means ensuring that everyone starts from the same point. Why has e-commerce increased sales by 31 percent since the beginning of the year? Not because it’s better, but because competitors were closed due to Covid. If you earn more, we congratulate you, but if you do so because others cannot work for a state decision necessary to protect public health, then there is a distortion. And it is precisely this distortion that our proposal to modify the web tax aims to correct.
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