The Superbonus represents a significantly relevant tax incentive aimed at promoting energy and seismic improvements in buildings, with significant impacts on the environment, economy, and social fabric of Italy. This document aims to examine the strategic integration of the Superbonus into business practices, analyzing both its positive aspects and challenges. It also explores the transfer of tax credits resulting from the Superbonus and business valuation as tools to maximize its value and effectiveness within corporate strategies. The goal is to provide companies with a comprehensive framework to strategically assess the opportunity to transfer Superbonus tax credits and fully understand the implications of such operation on corporate value, crucial for making informed and strategically targeted decisions. Through a thorough analysis, it emerges that despite the criticisms and challenges encountered, the Superbonus has produced tangible benefits, stimulating investments in the construction sector and promoting the adoption of sustainable technologies. However, areas for improvement remain, including bureaucratic complexities, the risk of fraud, and doubts about environmental efficiency. The paper explores the opportunity offered by the transfer of tax credits resulting from the Superbonus, which facilitates companies' access to liquidity and optimizes financial management, emphasizing the need for companies to conduct detailed analyses of their financial needs and the potential benefits of credit transfers. Finally, the importance of understanding business valuation as a broader view of a company's financial health and growth potential is highlighted, strategic approaches in managing tax credits are recommended, and the need to adapt strategies based on regulatory developments and market dynamics is emphasized. This document therefore aims to support a prudent and informed approach in the use of tax credit transfers to optimize corporate value, highlighting the importance of maintaining a long-term vision of social and economic responsibility and emphasizing the role of companies in contributing to global progress through efficient financial management and weighted strategic decisions.
Il Superbonus rappresenta un incentivo fiscale di rilevanza significativa volto a promuovere miglioramenti energetici e sismici negli edifici, con impatti significativi sull'ambiente, sull'economia e sul tessuto sociale italiano. Questo documento si propone di esaminare l'integrazione strategica del Superbonus nelle pratiche aziendali, analizzando sia gli aspetti positivi che le criticità. Esplora inoltre la cessione dei crediti fiscali derivanti dal Superbonus e la valutazione aziendale come strumenti per massimizzarne il valore e l'efficacia nell'ambito delle strategie aziendali. L'obiettivo è fornire alle imprese un quadro completo per valutare in modo strategico l'opportunità di trasferire i crediti fiscali del Superbonus e comprendere appieno le implicazioni di tale operazione sul valore aziendale, fondamentale per guidare decisioni informate e strategicamente mirate. Attraverso un'analisi approfondita, emerge che nonostante le critiche e le sfide incontrate, il Superbonus ha prodotto benefici tangibili, stimolando gli investimenti nel settore delle costruzioni e promuovendo l'adozione di tecnologie sostenibili. Tuttavia, rimangono aree di miglioramento, tra cui complessità burocratiche, rischio di frodi e dubbi sull'efficienza ambientale. L’elaborato esplora l'opportunità offerta dal trasferimento dei crediti fiscali derivanti dal Superbonus, che facilita l'accesso delle imprese alla liquidità e ottimizza la gestione finanziaria, e sottolinea la necessità per le imprese di condurre analisi dettagliate dei loro bisogni finanziari e dei potenziali vantaggi della cessione di crediti. Infine si evidenzia l'importanza di comprendere la valutazione aziendale come visione più ampia della salute finanziaria e del potenziale di crescita di un'azienda, si raccomandano approcci strategici nella gestione dei crediti fiscali e si sottolinea la necessità di adattare le strategie in base agli sviluppi normativi e alle dinamiche di mercato. Questo documento si propone quindi di sostenere un approccio prudente e informato nell'utilizzo della cessione di crediti fiscali per ottimizzare il valore aziendale, evidenziando l'importanza di mantenere una visione a lungo termine di responsabilità sociale ed economica e mettendo in risalto il ruolo delle imprese nel contribuire al progresso globale attraverso una gestione finanziaria efficiente e decisioni strategiche ponderate.
Optimizing Corporate Value: exploring Superbonus and tax credit transfers for strategic Business Valuation
GRIMALDI, FRANCESCA
2022/2023
Abstract
The Superbonus represents a significantly relevant tax incentive aimed at promoting energy and seismic improvements in buildings, with significant impacts on the environment, economy, and social fabric of Italy. This document aims to examine the strategic integration of the Superbonus into business practices, analyzing both its positive aspects and challenges. It also explores the transfer of tax credits resulting from the Superbonus and business valuation as tools to maximize its value and effectiveness within corporate strategies. The goal is to provide companies with a comprehensive framework to strategically assess the opportunity to transfer Superbonus tax credits and fully understand the implications of such operation on corporate value, crucial for making informed and strategically targeted decisions. Through a thorough analysis, it emerges that despite the criticisms and challenges encountered, the Superbonus has produced tangible benefits, stimulating investments in the construction sector and promoting the adoption of sustainable technologies. However, areas for improvement remain, including bureaucratic complexities, the risk of fraud, and doubts about environmental efficiency. The paper explores the opportunity offered by the transfer of tax credits resulting from the Superbonus, which facilitates companies' access to liquidity and optimizes financial management, emphasizing the need for companies to conduct detailed analyses of their financial needs and the potential benefits of credit transfers. Finally, the importance of understanding business valuation as a broader view of a company's financial health and growth potential is highlighted, strategic approaches in managing tax credits are recommended, and the need to adapt strategies based on regulatory developments and market dynamics is emphasized. This document therefore aims to support a prudent and informed approach in the use of tax credit transfers to optimize corporate value, highlighting the importance of maintaining a long-term vision of social and economic responsibility and emphasizing the role of companies in contributing to global progress through efficient financial management and weighted strategic decisions.È consentito all'utente scaricare e condividere i documenti disponibili a testo pieno in UNITESI UNIPV nel rispetto della licenza Creative Commons del tipo CC BY NC ND.
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https://hdl.handle.net/20.500.14239/3607