Budget: Pastore (Iccrea) – there will be an impact, but we are awaiting approval

(Il Sole 24 Ore Radiocor) - The tax measures affecting banks set out in the Budget Bill will also have an impact on the Iccrea cooperative banking group, although it is too early to quantify this at present: ‘Of course we are affected by what we have read so far, although we naturally do not know what the final outcome will be once the budget is effectively and definitively approved. As things stand, the impact is certainly proportionate to that faced by all other banking groups.” This was stated by General Manager Mauro Pastore on the sidelines of a Bcc Arte & Cultura event. Regarding the possibility of an exemption for cooperative credit institutions, Pastore noted: “The exemption applies only to part of it, specifically the IRES component. There is a threshold of 200,000 euros, so some of our banks fall within it, whilst many others do not.” “Regardless of everything, there is certainly an impact,” he concluded.

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