Discount tax, albeit minimal, to try to return to Italy brains fled abroad. All this is contained in a new tax under Decree on the internationalization of companies, under which the income produced in Italy from workers “with high qualifications” taking up residence in the Italian territory for five years will benefit from a reduction the taxable income of 30%.
The Council of Ministers introduced yesterday the norm, accepting an indication of Parliament. Will have access to the incentive anyone in the five previous years have not been resident in Italy, they fulfill a work primarily in Italian territory and who hold a qualification for which is required a high degree of specialization and the title. The legislative decree on internationalization, as a whole, aims to strengthen the role that the tax authorities must play to support businesses who decide to work abroad: reducing the restrictions on cross-border transactions and create a regulatory framework as more reliable and transparent to investors. The decree, however, has yet to conclude its process and will now return to Parliament for the acquisition of the final opinions of the parliamentary committees.
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