Feb 18 • 16:22 UTC 🇮🇹 Italy La Repubblica

Extension, the tax credit for paper for publishers is canceled

A bipartisan amendment related to the tax credit for publishers has been restructured, leading to its cancellation in government proposals.

The Italian government has announced significant changes to the proposed Milleproroghe legislation, particularly affecting the tax credit for paper used by publishers. A bipartisan amendment that aimed to support this measure has been absorbed into a broader restructuring of the legislation, ultimately resulting in the removal of the tax credit. This shift has raised concerns within the publishing industry regarding the government's commitment to providing necessary support for this crucial sector.

The Federazione Italiana Editori Giornali (Fieg), representing the interests of publishers, has expressed disappointment over the government's decision. They indicated that the absence of the tax credit reflects a lack of intention from the government to bolster the publishing industry, which has faced numerous challenges in recent years exacerbated by economic pressures and the digital transformation of media. The cancellation of this tax credit could have far-reaching implications for the financial stability of publishers, particularly smaller, local entities struggling to maintain operations.

As the debate surrounding the Milleproroghe legislation unfolds, stakeholders in the publishing industry are urged to advocate for alternative measures that could provide financial relief. The situation underscores the ongoing tension between government fiscal policy and the need to sustain cultural industries vital to public discourse and media diversity. Without timely intervention, the future of many publishers may be further jeopardized, prompting calls for a reconsideration of governmental support mechanisms for this beleaguered sector.

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