Stop superbonus? 33,000 companies and 150,000 jobs at risk. The crisis is not enough, Draghi takes his share
The Superbonus, or rather the continuous open and close of the bonus, risks being the tombstone for thousands of artisan companies and tens of thousands of jobs. Having opened and closed the assignment of credits leaves the companies, healthy, blocked with an enormous amount of credits in hand, without any possibility of assignment and therefore of recovery of the liquidity necessary to operate. The CNA agrees with this prediction, and reeds a heartfelt alarm :
33 thousand artisan businesses at risk of bankruptcy and loss of 150 thousand jobs in the construction sector due to the blocking of the transfer of credits linked to building bonuses. This is the alarm launched by CNA on the basis of the results of a survey of about 2 thousand companies which represent a highly representative sample of the building, construction and window and door sectors.
The Confederation urges the Government to quickly find a solution to defuse an economic and social bomb generated by a series of regulatory measures that have fueled confusion and profound uncertainty.
The CNA estimates that the tax credits of companies that have recognized the discount on the invoice and not monetised through a sale amount to almost 2.6 billion euros. The consistency of blocked credits (about 15% of the total) is putting thousands of companies in crisis.
In fact, over 60 thousand artisan businesses find themselves with a tax drawer full of credits but without liquidity and with very serious impacts. 48.6% of the sample spoke of bankruptcy risk while 68.4% envisaged the blocking of the activated construction sites.
In order not to be crushed by the non-assignment of credits, almost one in two companies is paying suppliers late, 30.6% postpones taxes and duties and one in five is unable to pay collaborators. From the analysis of the turnover and the average number of credits it emerges that companies with a turnover of 150 thousand euros hold 57 thousand euros of credits in their tax drawer (38.2%). With the growth in turnover, the incidence tends to decrease while remaining significant: a company with 750 thousand euros of revenues discounts 200 thousand euros of blocked credits. 47.2% of the companies declared that they did not find subjects willing to acquire credits while 34.4% complained of excessively long acceptance times for contractual documents. For the sale of loans, the companies in the supply chain mainly turned to banks (63.7%), followed by Poste Italiane (22.6%), then financial intermediation companies (5.1%).
The Conte government created a huge trap that the Draghi government then closed: thousands of companies have believed in the words and laws of the government, have carried out necessary real estate modernization work, which will increase the value of the properties, have loaded themselves with legitimate tax credits then thinking of selling them, paying the due, and resuming their business, and they remained frigates. They didn't do anything wrong, they just trusted the state, but this, in Italy, is a huge mistake. At one point the government thought it was spending too much and turned off the taps of the credit transfer, and the companies remained frigated. Now 47.2% of companies have their capital frozen in good, but INCEDIBLE credits. As half of the companies are frozen, they will fail to carry out work before they have recovered this credit and will remain so for years or will go bankrupt.
Yet, as we have written several times, the solution would have been simple. quota credits and related works over several years, thus avoiding price peaks and favoring company planning. But it seemed to be asking too much of a government whose leadership should be an expert economist …
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Article Stop superbonus? 33,000 companies and 150,000 jobs at risk. The crisis is not enough, Draghi puts his part in it comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/stop-superbonus-33-mila-aziende-e-150-mila-posti-di-lavoro-a-rischio-non-basta-la-crisi-draghi-ci-mette-del-suo/ on Sat, 04 Jun 2022 10:00:13 +0000.