The corporate fiscal impact indicator is calculated as the percentage ratio between the value of taxes paid by a company in a given year and the corresponding total production value in the same year. It therefore represents an indicator oriented to monitor over time the fiscal behaviour of the observed companies.
In addition to being expressed as a percentage calculation, the fiscal impact is also expressed as an indicator on a scale of 0-100 through which it is possible to classify the companies within the OpenCorporation ranking (568 companies). The 0-100 scale indicator has been constructed by re-scaling the value of the percentage calculation for discrete intervals identified on a test sample of about 1000 companies.
The 0-100 scale indicator of fiscal impact does not participate directly in the OpenCorporation ranking calculation. When the value of taxes is negative (for administrative issues related to the tax history of the individual company) the value of the indicator is brought to “0” for convenience.
The corporate tax indicator is visible in three distinct sections of the company evaluation page.
1) The right hand column shows the last available value per year (e.g. ENEL 2020 sheet) – fiscal impact expressed as a percentage calculation.
2) Within the extended questionnaire accessible from the company evaluation page (e.g., for Enel click here), it is possible to view the value of the fiscal indicator in the last 4 years based on the financial statements filed by the company under observation (question 88) – fiscal impact expressed as a percentage calculation
3) Among the indicators through which it is possible to create the rankings of companies included in the OpenCorporation ranking – fiscal impact as an indicator on a 0-100 scale