“An effective tax policy must combat abuses without putting businesses that create income and employment in difficulty.” This was stated by the president of CNA Calabria, Giovanni Cugliari, commenting on the tightening of tax compensations expected from 2026.
Economic risk and liquidity management
According to the Confederation, the cut in compensation risks having the opposite effect to that expected: it may reduce the fiscal risk, but increase the economic risk for companies. In fact, for many companies, compensation is an essential tool for managing liquidity and balancing deferred tax assets and current debts.
An ordinary mechanism under pressure
This is not a relief, but an ordinary mechanism of the tax system, used by regular businesses that boast certain and verifiable credits. The introduction of a threshold of 50 thousand euros, however, does not distinguish between tax evasion and temporary financial difficulties and ends up indiscriminately affecting small and medium-sized businesses, artisans and professionals.
The impact on fragile territories and the financial costs
The impact – warns CNA Calabria – could be particularly heavy in the most fragile territories, such as the South, where the compensation directly affects the stability of cash flows. CNA Calabria also highlights a fundamental critical issue: the State recognizes credit to businesses, but limits its use, passing on a financial cost to them that does not depend on mismanagement.
CNA proposals: review and selection criteria
The risk, warns the association, is a reduction in liquidity and investments, with greater recourse to bank credit and a weakening of healthy businesses. For this reason, CNA is asking for a revision of the law, with thresholds more suited to company size and criteria that clearly distinguish between tax evasion and economic difficulty.