Unchanged revenue for the extra profits tax on banks. Indeed, the maximum amount that the state could theoretically collect after the changes to the extraordinary tax introduced with the government's amendment to the "assets" decree (Senate Act 854) amounts to €3.2 billion. This amount, according to estimates by the Unimpresa Study Center, is essentially identical to that calculated under the previous version of the tax measure: only €40 million less. In the first case, the cap was set at the amount of 0.1 percent of the total assets of the entire Italian banking sector, or €3,287 billion. The amendment to Article 26 of Decree Law 104, on the other hand, considers 0.26 percent of risk exposure on an individual basis as the limit: these are risk-weighted assets or RWA. To quantify this item, the technical report to the amendment refers to an estimate calculated by taking into account primary tier 1 capital (Cet1) and its ratio. The government estimates the weighted assets to be about 38 percent of total assets, or an amount equal to €1.249 billion. If with the "old" parameter the ceiling was 3 billion and €288 million (0.1 percent of €3,287 billion), with the amendment it is changed to 3 billion and €248 million (0.26 percent of €1,249 billion), a difference of just 40 million euros. In any case, these are virtual estimates, not based on reliable forecasts. Not surprisingly, the government itself does not make any official forecasts regarding revenue.
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