The government is considering one revision of the tax regime on non-losing bank loans. This was announced by the Minister of Economy, Fabrizio Saccomanni, at the ABI assembly. The modification “of the tax regime of non-performing credits of the banking system is a priority attention of the government – said Saccomanni -. All suitable options are being evaluated to reconcile the need to eliminate the penalties deriving from the regulations in force with an unavoidable respect for budget constraints”.
Previously Antonio Patuelli, president of the ABI, had asked the government to find "technical solutions which, first of all for new loans, provide for the full tax deductibility of the losses, consequent to the new loans, in the year in which they were highlighted in the financial statements civil law".
At the ABI meeting Ignazio Visco also spoke, governor of the Bank of Italy. Saccomanni explained that the Executive is available to evaluate "in a short time" and "in concert with the ECB" a reform of the shareholding structure of the central institute.
As for the general trend of the economy, the minister underlined that those taken so far by the Government "are bridging measures pending structural measures and the economic recovery, of which we are starting to see the first signs. Italy has all the potential to reverse the unfavorable cycle that has lasted too long provided that all margins are exploited”.
The downgrading of Italy by Standard & Poor's, therefore, is a “decision based on a mechanical extrapolation of data from the past – underlined Saccomanni –, with little or no consideration of the measures already taken or taken into consideration. Decisions not supported by shared analyzes - he said - can have procyclical and destabilizing effects. In the end what will count will be the decision of savers who invest in our country”.
