Inter Milan CEO Beppe Marotta feels that the decision to scrap the Growth Decree tax benefits for football is an “own-goal” by the Italian government.
Speaking to TG1, via FCInterNews, the Nerazzurri executive hit out at the decision, lamenting that it could disrupt the recent momentum of Italian football.
At the start of 2024, the Italian government will get rid of the Growth Decree tax benefits in the football industry.
The policy has allowed Italian football clubs to save on the gross wages of players who arrive from foreign leagues.
Serie A clubs such as Inter have been able to slash the taxes they’ve paid on the wages of some big name players by 50%.
This has meant that even with the financial restrictions that the Nerazzurri and other Italian clubs have faced, they have been able to offer attractive deals to some top stars from outside of Serie A.
That in turn has certainly been a benefit to the league as a whole.
Marotta Hits Out At Italian Government Scrapping Growth Decree
Clubs in the Italian top flight have enjoyed the Growth Drecree as a leg up to strengthen their squads.
But all that is set to change. The Italian government will cease to apply the Growth Decree to football.
And Inter CEO Marotta feels great disappointment with that decision.
The Inter CEO lamented that “At a time when Italian football has been on the rise at the European and global level, with three teams taking part in major continental finals last season, abolishing the tax relief from the Growth Decree represents an own-goal for the country’s football and economy.”
He added that “There are coaches who have come here and who have benefited from this tax relief.”
