The Constitutional Court ruled that the additional IRES (Robin Tax) is unconstitutional. He reports the Corriere della Sera, according to which the Consultation decided that the rule violates the principle of ability to pay penalizing all firms in the industry. The validity of that judgment, however, relates only to the day following its publication in the Official Gazette and not retrospective.
In June 2013, the Robin Hood tax was extended to energy companies that had revenues of more than 3 million euro and a tax reditto than 300 thousand euro. This threshold had caused several companies in the renewable energy sector were included.
This tax, which was originally designed only for oil companies, had previously been extended to energy companies whose revenues exceed 10 million euro and with a taxable income of more than one million in August 2011.
The Robin Hood Tax was was introduced in 2008 by the then Finance Minister Giulio Tremonti.