Contribution of banks, measures of at least 4 billion on the table
Alongside the postponement of DTAs for 2026-27 comes a substitute tax that passes for the distribution of earmarked earnings as dividends. Institutions in the trenches, open negotiations
The executive shakes up the cards in negotiations with the banking association's top management and puts on the table the prospect of taxation involving a one-off payment that will not be repaid. A new working hypothesis that should go hand in hand with the cash advance resulting from the postponement of deductions for 2026 and 2027 (Dta and the like). The combination of the two measures should guarantee, in the government's expectations, a total revenue of at least 4 billion if not more.
The banks do not like the prospect of the introduction of a new tax, and fear the impact on the stock market's share price. But the various stages of dialogue with the executive, which began in the morning with meetings with the other social partners, and continued with a series of contacts in the afternoon, did not break the deadlock. On the other hand, in order to discuss with the government interventions other than the liquidity advance, the managing director, Marco Elio Rottigni, had to ask for a new mandate from the executive committee. And in any case, he had to update the bankers on yesterday's developments: this is why yesterday evening the president of the ABI, Antonio Patuelli, called an extraordinary meeting of the banking association's top body for 9pm.
La tassazione prospettata è relativa alla quota di utili accantonata nel 2023 a patrimonio, accantonamenti fatti per evitare di pagare un’imposta del 40 per cento: l’importo di quelle risorse destinate a rafforzare i requisiti patrimoniali complessivamente è pari a 6,2 miliardi. La proposta che l’esecutivo ha messo sul tavolo dopo il vertice di maggioranza di domenica sera è quella di procedere a un affrancamento delle somme accantonate – quindi la loro liberazione e la possibilità che siano distribuite come dividendi - pagando un’imposizione ridotta rispetto al 40 per cento e pari al 27,5 per cento. In tal caso il gettito che potrebbe entrare nelle casse dello Stato è di 1,7 miliardi. La percentuale potrebbe cambiare ed essere oggetto di negoziato: se si partisse dal 30% l’incasso sarebbe di 1,86 miliardi. L’affrancamento non sarebbe su base volontaria: il governo avrebbe manifestato l’intenzione di introdurre un’imposizione sui dividendi futuri (che scatta in caso di mancato affrancam
The further advantage for the State, if the remaining 4.5 billion after tax redemption were to be distributed in full, would be the revenue from the taxation of dividends, equal to 26%: 1.17 billion would be the resulting revenue (1.1 billion in the case of a 30% tax). Alongside this solution, the executive would also be interested in the advance of liquidity. As mentioned, the desired amount is very high. The banks had put forward the possibility of a further instrument in addition to the postponement of deductions (Dta and similar): namely, the postponement by two years of the expiry date for tax credits on building bonuses in 2021, which some banks still hold and which they cannot sell because the market has been blocked.
Between DTAs for the period 2026-27 and tax credits, the liquidity proceeds would be well over EUR 4 billion. But the government does not want to hear about intervention in tax credits. Hence the franking scheme: between DTA postponement and franking, the proceeds would be around EUR 3.7 billion, which would bring the proceeds to well over EUR 4 billion if the tax on dividends is also taken into account.
