Firms that return to Italy to have taxes slashed by half

– RIPRODUZIONE RISERVATA +CLICK TO ENLARGE (ANSA) – ROME, OCT 16 – Firms that return their business and jobs to Italy are to have their taxes slashed by half in an innovative move rewarding ‘reshoring’ launched Monday by the business and Made in Italy ministry. If they decided in future ti relocate their business abroad they will have to pay the taxes back, the ministry said. “Yes to reshoring, no to relocations,” said the ministry on X. Offshoring has been a major problem for the Italian economy as it has for most big economies. photo: Minister Aldolfo Urso (ANSA). ALL RIGHTS RESERVED © Copyright ANSA

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