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Turnover of energy companies + 60%, but almost nothing given to the tax authorities

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(ANSA) – VENICE, AUGUST 27 – The energy companies present in Italy, in the first 5 months of 2022, saw revenues increase by 60% compared to the same period in 2021, while other companies, due to the rise in electricity and gas prices , are at risk of closure. This was revealed by the CGIA which puts the industrial activities of extraction of energy raw materials (such as oil, natural gas, etc.) and the refining industry under its lens. With reference to the January-May period, the growth in turnover of companies in the energy sector in 2019 was + 0.5% on 2018; then, in the middle of the pandemic, revenues instead fell by 34.6% (January-May 2020 on 2019); otherwise, in the first 5 months of 2021 the change was + 19.6%. Finally, this year the turnover has risen by + 60%. The CGIA observes that no one is asking for fiscal aggression against large energy companies: it would be unfair. In fact, it should be remembered that an increase in turnover does not necessarily correspond to a similar increase in profit. However, it is clear that the economic result of this sector in the last year has been very positive and, for solidarity and social justice, these realities should pay at least what is imposed by the State with a law to “help” economically the families and businesses more in difficulty. Instead, the big energy companies have been careful not to do so, says the CGIA. At least with the first deadline scheduled for last June 30th. We recall that with the Aid decree, energy companies were obliged to apply a 25% rate on the extra profits obtained with the increase in gas and oil prices. Of the 4.2 billion euros expected with the first installment, the state has collected just under 1 billion. If the new regulation to recover these lost revenues inserted in the Aid bis decree should not take effect, the tax authorities could lose this year over 9 billion of the 10.5 billion foreseen with the introduction of this tax on extra profits.

Of course, the association underlines, in the face of the increases recorded in recent days, 9 billion would do very little to calm the costs of household and business bills. (HANDLE).

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Source: Ansa

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