For once, Piazza Affari ignores Palazzo Chigi. At the end of the morning, the stock market shares of the main Italian insurance companies were all in positive territory: Generali +1%, Fondiaria Sai +1,1%, Unipol +3,4%, Milano Assicurazioni +1,1%. A trend is unexpected, considering that last week - to finance the stop to the Imu and the new rules on exodus workers - the Government drastically cut the tax deductibility of life and accident policies.
The ceiling goes from the current 1.291,14 euros to 630 euros for the tax period up to 31 December 2013. From 2014, however, it will drop to 230 euros. The benefit for public coffers should be 400 million euros in 2013 and approximately double the following year.
The rule is contained in article 12 of the IMU decree and, in fact, halves the maximum limit for this year to deduct 19% of life, accident and non-self-sufficiency insurance premiums from Irpef.
