The exodus of the Turinese towards Hadrian's Wall will not prevent them from giving to Caesar what belongs to Caesar. And Cesare, as we know, is always in Rome. The debt collectors can sleep (almost) peacefully: Fiat will continue to pay the taxes it has paid up to now in Italy. The transfer of the registered office to the Netherlands and the tax office to Great Britain will have only one effect: taxes on dividends. A somewhat relative advantage for a company which – at the moment – does not redistribute profits because it does not have any in Italy.
Let's go in order. Fiat, which after the marriage with Chrisler merged into the FCA holding, will have to continue to pay all the taxes paid by the companies controlled on Italian soil in Italy. In other words: Ires, Irap, VAT, Imu, excise duties, social contributions will remain in the Peninsula, based on the rule of taxes to be paid where it is produced and sold.
The question of dividends is different. Great Britain offers particularly favorable taxation. And there, in fact, the taxes on the income distributed by the subsidiaries to the parent company will end. But – points out Fiat – this shouldn't be a big problem, at least until the automaker starts distributing profits again.
In fact, not even the government seems overly concerned. "In itself there is nothing irregular in the operation," explained Economy Minister Fabrizio Saccomanni. "We will verify full compliance with tax rules - assures the director of the Revenue Agency Attilio Befera - Companies in Italy will regularly pay taxes in Italy".
In any case, it seems that Fiat, in order to leave, has to leave a donation. This is the exit tax – which Befera spoke about – that Marchionne's company will see imposed when it transfers its tax office to the United Kingdom. English term – ironically – which is equivalent to a capital gains tax on corporate assets, which were not already taxed.
