Passes decree on investment facilitation and tax break for R&D
05 May 2011
The Government decree (decreto sviluppo) approved by the Cabinet on 5 May 2011 includes an easing of planning restrictions on property extensions and renovations, a reduction in red tape for companies bidding in public works projects and tax credits for companies that increase their spending on research. Although the Government had proposed to grant 90-year concessions to beach resorts, the length of the concessions was reduced to 20 years.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives)
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