Taxes quadrupled in five years, banking foundations sound the alarm. Between 2011 and 2014, declares Acri (Association of Foundations and Savings Banks) the total amount paid to the tax authorities went from 100 million to 340 million. With the new Stability law, it will reach 360 million in 2015.
This is the result, the association points out, of the combined effect of the increase in charges on returns deriving from financial investments – which rose from 12,5% to 20% in 2012 and then to 26% in July 2014 – and the further burden on financial income that emerges from the drafts of the stability law.
"An exponential progression, implemented at an almost dizzying pace - protests Giuseppe Guzzetti, president of Acri - which will undoubtedly put all those voluntary, private social organizations and the local authorities themselves in difficulty, who will see their resources reduced, because every cent more taxes to be paid by the Foundations is a cent less to give to those who are at the service of the common good”.
Acri recalls that banking foundations are non-profit entities that carry out philanthropic activities in support of welfare and the social and cultural integration of local areas.
