After the green light from the industry and environment commissions, the text of the law decree on the competitiveness of companies was also approved by the Senate floor, where the Minister for Reforms Maria Elena Boschi placed her faith in the maxi-amendment to the provision. Let's take a look at the cornerstones of the text fired by the commissions in order. Now the provision goes to the Chamber but it is difficult to foresee large variations.
anatocism. The rule on the capitalization of interest, envisaged by article 31 of the provision, was abolished by the Industry Commission.
Ilva package. The bridging loan was introduced for the steel company and the role of ad hoc sub-commissioner for the recovery plan was strengthened. The resources seized from the Rivas will also be able to go to rehabilitation.
Opa double threshold. A second threshold has been introduced for mandatory takeover bids for listed companies, with the exception of OMIs. The threshold has been set at 25% against the 20% initially proposed, while the other threshold will remain at 30%. SMEs will be able to choose to include a threshold between 20% and 40% in the statute.
Waste Lazio. The decree grants powers for 'special' forms of waste management to the governor of Lazio and to the mayor of one of the municipalities in the region for "urgent ordinances", including "the requisition in use of the plants".
Still on the subject of waste, the assignment of the Sistri, the Waste Tracking System, to Selex (Finmeccanica) from 31 December 2015. The contract was extended until the same date, while the procedure for a new European tender was launched from 30 June 2015.
Poste Italiane. In response to the EU ruling on state aid, the green light has also arrived for the payment of 535 million euros in credits to the Italian post office.
CDP. The equivalence of Cassa depositi e prestiti to banks with respect to the tax regime treatment is introduced (the 8,5% IRES surtax will be applicable).
Cut Bills. The percentages of the three brackets of the incentive spread have been remodulated, which provides for a 10% reduction in bills to SMEs, with the rewriting of article 26 (which leaves the balances unchanged with savings of around 800 million) and the introduction of incentive options.
New Sabatini. Access to the new Sabatini, ie the incentives for SMEs to modernize the production system, will be easier and faster for the Guarantee Fund.
Public payables. Those who claim credits with the Public Administration will have until 31 August 2014 to submit an application for certification without delay (the regions under commission or in the repayment plan can do so from 30 days after the entry into force of the decree).
