Forza Italia has officially presented 11 proposed amendments to the draft law on extraordinary asset tax in the Senate’s Industry and Environment committees. The proposals range from excluding “smaller and less operationally complex” banks to strengthening the concept of a one-time tax (“applicable only in 2023”). There is also a request to exclude government bonds from the calculation of extra profits, and an increase in the percentage of assets that constitute the maximum threshold for the levy. Deductibility is also included.
According to Forza Italia’s amendment to the asset decree, government bonds will be excluded from the calculation of extra profits for banks. The proposal aims to protect savers and states that the amount subject to the levy should be “calculated net of profits and losses recorded in the income statement for the reference years, regardless of their connection to the purchase, possession, and sale of government bonds, including interest, capital gains, and capital losses.”
Forza Italia is also proposing a six-month extension, until June 2024, of the 110% Superbonus for condominiums if at least 30% of the renovation works have been completed by December of this year. The amendment to the asset decree, currently under review by the Senate’s Environment and Industry committees, states that “the tax deduction will continue to apply to expenses incurred until June 30, 2024, at the percentage applicable as of December 31, 2023, provided that at the same date of December 31, 2023, at least 30% of the overall intervention has been completed.”
Approximately 550 amendments have been submitted to the Senate’s Industry and Environment committees regarding the asset decree, which includes the levy on extra profits for banks. It has been reported that there are no proposed amendments from Fratelli d’Italia regarding Article 26, which introduces the extraordinary tax.
The Democratic Party (PD) has criticized the majority coalition’s handling of the Superbonus issue, accusing them of playing multiple roles in a comedy. They argue that the amendment proposed by Forza Italia to extend the validity of the Superbonus for six months, if at least 30% of the works have been completed by December, is an attempt to cover up their mistakes. The PD urges the government to clarify their stance on the Superbonus and suggests discussing appropriate measures in Parliament to address the emergency. They also suggest that the government’s honeymoon period appears to be coming to an end.
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