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Pension funds: towards de-taxation if they invest in the real economy

After the discount launched last year, the government is studying further tax relief on the returns of pension funds and social security funds that support businesses in Italy. The measure could enter the 2017 Budget Law

Pension funds: towards de-taxation if they invest in the real economy

As per tradition in recent years, with the approach of the Stability law we return to talk about pension fund taxation. He could enter the new maneuver structural reduction of the levy on yields of pension funds that invest in the real economy.

The theme is not new. Last year the government had already granted social security funds and pension funds a tax discount (6 and 9% respectively) to offset the previous tax increase. Again the bonus was linked to the support of the real economy, with a particular focus on the infrastructure investments.

Undersecretary for the Economy Pier Paolo Baretta, in an interview with Quotidiano.net dated 19 August, explained that "out of the 80 million put into the Stability law to cover this intervention, 38 have already been committed this year".

Not exactly an exciting result, but the Government seems willing to insist. Again according to Baretta, in fact, "if there were a positive propensity on the part of the funds and the Treasuries, it is clear that then there would also be a stimulus for the government to go ahead in a further detaxation process. In the presence of a positive response, we would be more motivated to negotiate towards further tax reductions”.

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