“2024 will be the year of Made in Italy production”. This was stated by Adolfo Urso, head of the Mimit department. This is the goal that the government is pursuing with the specific draft law: incentives for reshoring, disincentives for those who relocate and protection of historic Italian brands from foreign buyers. In the meantime, the Made in Italy high school is at risk of failure due to a lack of planning.
Production
One of the main objectives of the Made in Italy draft law is to increase Italian production. Some measures are contained in the text and were also highlighted by Minister Urso at Pitti. The first is the incentive – reshoring for those who will bring their production from abroad back to Italy. Those who do so, will have their taxation reduced by 50%. Or rather, half of the income generated by activities returned to Italy and previously carried out outside the EU will not constitute taxable income. This benefit will last five years.
The disincentive
The second is the disincentive to relocate. If a company that has received public subsidies were to transfer production abroad within 10 years (previously 5) after the incentive was granted, it will be called upon to return the aid received to the State. Another measure concerns historical brands. “If the new owner or licensee, including a foreign one, does not start or stops production in Italy for five years, the brand will return to the ownership of the Italian State”, Urso specified. This is to guarantee the continuity of the historic brand. The same minister spoke of 13 billion euros available for the two-year period 2024-2025 for the digitisation and energy efficiency of companies. Of which 10% can be used to train those who will have to use the new machines.
The high school
In Piedmont, however, the hassle of the Made in Italy high school broke out. Corriere della Sera reports how high schools have expressed perplexities (e.g. concerning staffing, the absence of national indications and textbooks). And they are being called upon to activate this new course without knowing what the response will be in terms of the number of students enrolled. For institutes, the choice to host the Made in Italy high school expires on Monday, 15 January. While from January 18, Urso himself confirmed in Florence, pre-enrolment will begin. A race against time creating little clarity.
In photo (Imagoeconomica) Minister Urso
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