Italian banking association and central bank criticize 2027 budget proposal
Italy's ABI banking association and Bank of Italy warned parliament that proposed tax hikes in the 2027 budget will total €22 billion, threatening sector investment and constitutional norms.
Italy's banking association, ABI, and the Bank of Italy presented strong criticisms of the government's draft 2027 budget law during parliamentary hearings. ABI General Director Marco Elio Rottigni stated that cumulative tax measures targeting the banking sector will reach 22 billion euros starting from 2025, adding approximately seven billion euros over the next three-year period. ABI warned that the proposed tax increases and restrictions on deductions could hinder investments in cybersecurity and physical branches, while raising potential constitutional concerns.
Bankitalia echoed concerns regarding fiscal uncertainty, noting that unexpected tax adjustments undermine business confidence. Additionally, trade union leaders criticized the plan's revenue coverage, highlighting reliance on fiscal drag and European recovery funds. Parliament is reviewing potential amendments as financial sector shareholders consider legal challenges.
Sources: La Repubblica, Corriere della Sera, Il Messaggero, ANSA, Il Sole 24 Ore
Sources
- La Repubblica — Manovra 2027, Cgil non fa sconti: coperture opache, massiccio ricorso a drenaggio fiscale e Pnrr
- Corriere della Sera — Le banche contro la manovra: «Va migliorata, impatto di 22 miliardi dal 2025». Sollevati dubbi di costituzionalità |
- ANSA — L'Abi: 'Sulle banche dal 2025 misure fiscali per 22 miliardi di euro'
- Il Messaggero — Banche contro la Manovra: «Costa oltre 22 miliardi». Il nodo dello spalma-Superbonus. Abi evoca la Consulta
- Il Sole 24 Ore — Manovra 2027, Bankitalia: «Tasse inattese aumentano incertezza». Upb: «Taglio Irpef a 89% dirigenti, 1% operai»