Company cars, "affected" 2 million people

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They will be 2 millions the Italians involved in the squeeze on company cars envisaged in the 2020 maneuver.

THE'Aniasa (National Association of Car Rental Industry and Automotive Services) raises the alarm on the effects of the law and on the impact it could have both on the sector market and on those directly affected: Italians. "A short-sighted tax sting which lightens workers' wages and risks causing a collapse in long-term rental registrations (about 60,000 fewer units planned for next year) with lower revenue for the Treasury and Local Entities of 260 million , and important social repercussions in the entire automotive sector".

As for the impact of the measure on the sector, for Aniasa "a reduction for 2020 of at least 20% of registrations in the long-term rental sector is predictable (about 60,000 fewer units planned for 2020) with lower revenue for the Treasury and Local authorities equal to 190 million euro, lower revenues which would increase to 260 million, considering the entire sector of the company car".

On the fiscal side, instead, "This measure would also favor the return to out-of-time solutions, such as the mileage reimbursement, without fiscal control and traceability, in total contempt and in opposition to the innovations of electronic invoicing and the fuel card". Furthermore, "77,000 companies of all sizes and sectors and 2,900 PAs use long-term vehicle rental services for mobility and transport needs. The success of this formula is due to the financial, economic, managerial and administrative advantages, with cost savings of around 15-18%.

According to the industrial association, the long-term rental has proved to be a system for promoting fiscal correctness that has contributed to the emergence of the "submerged" and guaranteeing the government and local public administrations a constant flow of tax revenues.

According to the trade association, therefore, the government should have proceeded differently; "To recover resources, instead of damaging the payroll of 2 million employees by taxing them on company assets, the Government should focus on restoring the super-amortization, which would produce greater tax revenues, contributing to the renewal of the car fleet and to the faster entry of vehicles less polluting".

"To remedy every aspect of this scenario hostile to the automotive industry – concludes the note – and to meet the needs of the state coffers, it would be enough little: to restore the super-amortization for the cars for instrumental use, a wise measure that has brought more revenue revenue (1 euro of super-depreciation has turned into 3 euro of revenue for the State and local authorities), an increase in registrations with less polluting and safer vehicles, and therefore the upgrading of the vehicle fleet (the real and only provision actually in favor of the environment). Considering only the long-term rental cars, all Euro 6 vehicles, this measure produced 34,400 and 30,200 additional registrations in 2016 and 2017 (with higher revenue for the Treasury of 170 and 148 million euros respectively), promoting greater fiscal correctness, function physiologically exercised by long-term rental. Replicating it would be wise for a government in search of new economic resources and interested in environment and development".



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