The cash movements will count, and if they weren’t there – it is the frequent case of exchanges without the passage of money – the taxation would immediately affect the entire figure of the capital gain
The government prepares an intervention on capital gains. It was the Minister of Economy Giancarlo Giorgetti who announced it: “It is assumed that there has been a systematic recourse to fictitious capital gains and we are reflecting, we need to see if the tax legislation photographs this phenomenon in a coherent and correct way. So I do not exclude news ” . But what would it be about? The capital gains affair was a great ‘I wish but I can’t’ in a very complicated regulatory territory, with largely international rules. This is why we want to act in the field in which a single country can act autonomously: the tax field, in short, taxes. Action should be taken to amend article 86 of the Tuir (Consolidated Income Tax Act) and the value of transactions for tax purposes. The cash movements will count, and if they weren’t there, the frequent case of exchanges without the passage of money, the taxation would immediately hit the entire figure of the capital gain.
The story is thorny and full of traps that make intervention difficult. Even the international sports authorities are slamming us even though Fifa and UEFA have been posing the problem for years. The first works on the definition of a series of parameters to make the value of a footballer “objective”. In Europe, however, the president of the FIGC Gabriele Gravina has long been committed to a different path: in the absence of cash flow, enter in the balance sheet not the declared figure (and in many cases inflated) but that of the last year.
January 27, 2023 (change January 27, 2023 | 1:23 pm)
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