A plan to detax profits reinvested in the company and new reliefs for those who invest in small and medium-sized enterprises. These would be the new measures that could be included in the package of measures for competitiveness being studied by the Government. The decree, which will be called "Investment compact 2" or "Finance for growth 2.0", should arrive between the end of April and the first weeks of May. The objective of the Executive are companies with annual revenues between 50 and 250 million euros.
RETAIL SAVINGS
In an era of zero interest rates, the new coprorate bonds could be more attractive, which is why we plan to further encourage these forms of investment with new concessions. Currently, the yields on these bonds are taxed at 26%: the levy could be zeroed or raised to 12,5%, as for government bonds.
The tax incentive in favor of savings invested in SMEs should focus on the money used to strengthen the size, capital or positioning of companies on foreign markets. The intervention could directly concern the levy on capital gains and be subject to certain conditions, such as a minimum duration of the investment or the type of asset allocation. The technicians from the Economy, Economic Development and the Bank of Italy would also have had contacts with Assogestioni and private equity or debt equity companies, which already have suitable savings products.
INVESTMENTS IN INDUSTRIAL MACHINERY
In the context of the task force with the Treasury and Bank of Italy, the Ministry of Economic Development also allegedly proposed a corrected edition of the "Tremonti ter", the law that rewarded the purchase or leasing of industrial machinery excluding 50% of investments from corporate income tax. The relief was therefore valid for the purposes of Irpef and Ires, but not for Irap, which is not calculated on business income but on the value of production.
Among the possible corrections of the "Tremonti ter" is the hypothesis of limiting the calculation of the subsidy to incremental investments made in a previous period of time (for example three or five years). An extension for Irap purposes is also being evaluated.
