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Home»World»Europe»Spain
Spain

Superbonus: Controversy between Tajani and Giorgetti on the retroactivity of the spalma-credits rule

May 10, 2024No Comments3 Mins Read
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The controversy within the majority has erupted over the announced obligation to spread Superbonus credits over 10 years instead of 5, as previously planned. After banks and companies raised concerns, estimating at least 16 billion euros worth of work affected, Vice Premier and Secretary of Forza Italia Antonio Tajani criticized the proposal announced by the Minister of Economy, Giancarlo Giorgetti. Tajani expressed concerns about the retroactive nature of the credit-spreading rule and its potentially disruptive effects on banks and companies. He also questioned the extension of refunds from four-five years to ten, suggesting that it may be too long.

In response, Giorgetti defended his proposal, stating that he has a responsibility to protect Italy’s interests as Minister of Economy. Tajani emphasized that he also acts in the interest of Italians, but stressed that the proposal is Giorgetti’s, not the government’s, as he was not consulted. He urged waiting for the official texts and amendments, rather than relying on rumors or media reports. Forza Italia’s critical stance was not surprising, as lawmaker Erica Mazzetti had already warned about potential constitutional issues with retroactivity. Opposition figures, such as Carlo Calenda and Francesco Boccia, have also expressed concerns and welcomed Forza Italia’s opposition.

The Ministry of Economy’s reported plan is to limit retroactivity to expenses incurred in 2024, in an effort to address concerns. However, businesses remain worried about the impact. Ance, based on Giorgetti’s statements in Parliament regarding the aim to recover at least 2.4 billion euros in 2025-2026, estimates that at least 16 billion euros worth of ongoing projects will be affected. Antonio Patuelli of the Banking Association pointed out that the 110% measure was unsustainable financially. Federcostruzioni anticipates significant damage to the construction sector, while the Union of Small Property Owners warns that 80% of condominiums are at risk due to the proposed changes.

The Democratic Party’s spokesperson noted the absence of the expected amendment in the evening, highlighting the majority’s struggle to reach an agreement. The government’s stance appears to focus on limiting retroactivity to the 2024 fiscal year, but this has not eased concerns among businesses and industry groups. The debate continues to unfold, with various stakeholders expressing reservations about the potential impact on the economy and property owners. The uncertainty surrounding the Superbonus credit-spreading rules has sparked a divisive and heated discussion within the government and parliament, reflecting wider concerns about the management of financial incentives and support measures. As the situation develops, it remains to be seen how the government will address the criticisms and seek to find common ground among conflicting interests.

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