The Robin Hood Tax will affect Enel's net profit. The alarm was raised by the CEO of Enel, Fulvio Conti. “To establish its dimensions – he specified on the sidelines of the Cernobbio forum – we have to wait for the decree to be converted into law”. The bis maneuver provides for the raising of the Ires rate for energy companies from 6,5 to 10,5%, with the extension of its application also to renewable energies and networks.
“Enel – added Conti – is the main Italian tax payer: in 2010 it paid taxes for 2,5 billion. If there is a tax hike, we will absolve it anyway. At the moment we are discussing the modalities and consequences”. The Robin tax, “as it stands, would lead to an increase in investments and also in dividends. That's not a good thing, because it siphons profits and can damage an entire economic system as a whole."
