“In 2020, an annus horribilis for the Italian economy, our small businesses with a turnover of less than 5 million euros paid 19.3 billion euros in taxes. But in 2021, 25 Italian branches of the main global web and software groups paid our treasury 186 million euros. Although an analysis by Cgia (always very active association of small business enterprises in Mestre) refers to different years, “this comparison shows that in the last year for which data is available, our small entrepreneurs are 19.1 billion more than multinational web companies in Italy. overpaid. The latter amount is certainly underwhelming.” The association’s research office says, “When tax revenue from small businesses is available for 2021, the variation will certainly be higher than noted above.”
“The result of this comparison reveals a very obvious contradiction: people with VAT numbers accused of being the main culprits of smuggling, on the other hand, pay a total of 104 times more tax than the main web giants. They represent collective imagination, success, innovation and the future”.
In addition, the analysis shows that while the total of the subsidiaries of the WebSoft sector recorded a turnover of 8.3 billion in 2021 in our country, the number of employees employed in these realities is equal to 23,000. Instead, 3 million small businesses with a turnover of less than 5 million generated 735.8 billion turnover in 2020, many of which were closed for months due to Covid. If, according to the Mediobanca research field, the average taxation level of big technology is 33.5 percent, it is around 50 percent in our very small companies: almost twice as much in practice.
While Cgia underlines that “no one wants the tax burden on large web companies to be tightened,” he underlines that “the tax burden on small businesses, which remains unbearable even today, must be greatly reduced.”
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
