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BackgroundOne of the top world economies

One of the top world economies
Investments on the increase
A young, skilled work force
Industry and infrastuctures policies in support of economic development
A banking system of European dimensions
Companies give high marks to public services
Reduction of fiscal pressure and tax rate on Corporate tax

Fiscal reform Ires - A European-style Corporate Tax

Ires - A European-style Corporate Tax
Single 33% rate
Partial exemption for dividends, full exemption within groups
Italy joins the "participation exemption area"
Tax credits and debits can be offset within groups
National consolidation
International consolidation
Thin capitalisation rule in order to encourage capital contributions
Opportunities for tax transparency
More favourable credits on tax paid abroad
Definition of "Permanent establishment" in Italy
Stricter anti-avoidance rules for tax havens
A close network of agreements against double taxation
Conventions presently in force
Conventions still under discussion

Taxes and duties A simpler and less burdensome fiscal system

A simpler and less burdensome fiscal system
No inheritance or gift tax
More certainty in relations with the Tax Authorities through new channels of consultation: Interpello and "International Ruling"
The 12.5% tax rate for investment income prevails
Backtracking on sanctions
Encouragement for R&D and IPOs (Initial Public Offerings)
The "Preliminary settlement" is moving up

Company Law A 60 years leap forward in companies organisation

A 60 years leap forward in companies organisation
Simplification of company start up
Joint stock or limited liability company
Bespoke financing
Separate assets for special transactions
Three models for corporate governance
Shareholders´ agreements
Limited liability companies
Changes in bankruptcy legislation

Employment More flexibility for recruitment and labour contracts

More flexibility for recruitment and labour contracts
More space for private initiatives to fulfil supply and demand
If needed, workers can be "leased"
"Certified" contracts to avoid employment disputes
Part time and job sharing for greater flexibility
Workers "on call" for production increases
Firms can train a made to measure labour force
Freelance workers for specific projects

Incentives and concessions A range of assistance for anyone starting up a business

A range of assistance for anyone starting up a business
Access to European funding in many areas of Italy
The measure of assistance
Where Europe is unable to help, there are domestic laws

Italy online Government just one click away

Government just one click away
Internet information, forms and solutions
Innovative tax administration
Returns, payments, reimbursements: everything can be done on line
Customs obligations fulfilled on line
Social security and accident insurance available on line
Everything for establishing and maintaining a business available on line

Conventions still under discussion

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