With an out-of-court settlement, the powerful Anieli family ends its dispute with the Italian State for the transfer of the corporate headquarters to the Netherlands.
The dispute between the Exor group, the Anielli family, and the Italian State was resolved by compromise. Exor will pay 746 million euros to the country’s tax service. At the same time, the Giovanni Anielli group will give another 203 million euros to the Italian Ministry of Finance. Exor owns 14% of the shares of the Stellantis group, which, in turn, controls the automakers Fiat, Chrysler, Maserati, Lancia and Alfa Romeo.
The whole dispute with the Italian State concerned the transfer of the tax address of the Exor group to the Netherlands six years ago. According to the group, this option is not related to more favorable tax rules, but only to the need to harmonize the management of the various companies. “We have paid this amount once and there will be no additional taxation,” the Anielli group added.
Is the Netherlands a tax haven?
The Italian press, however, states, among other things, that “the reality is more complicated”. Because, as the newspaper Il Fatto Quotidiano writes, as far as the Netherlands is concerned, “apart from the different tax scales, there is a difference in the calculation of taxable amounts, while the country is considered a kind of central point of reference for the transfer of money to more favorable tax regimes “.
According to estimates so far, each year the Netherlands deprives Italy of one billion one hundred million euros in tax revenue. The specific dispute, however, was closed with a compromise. In fact, the Italian State is preparing to finance with 400 million euros the creation of a new Stellantis electric battery production center in Termoli, central Italy. The goal is to maintain the 2,400 jobs with the transition of the unit – which is located in the Molise district, with a very high unemployment rate – to modern, ecological technology.
Theodoros Andreadis Siggelakis, Rome
Source: Deutsche Welle
Source: Capital
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