Italian tax changes give boost to IPO market

The Italian government is introducing tax breaks which should boost the country’s IPO market. Under the new legislation, which will be brought in with next year’s budget, companies who list their shares will see their taxes cut to 20% from over 30% for three years. The new measures have been approved by the council of ministers, and are also supported by the president and chief executive officer of Borsa Italiana, Massimo Capuano. According to Capuano, the tax breaks will be significant for Italy’s large population of small- and medium-sized companies. Analysts are seeing signs of recovery in the Italian IPO market, following the recent flotation of Trevisan, and plans to float by the agrochemicals company Isagro. Two further companies, Meta and Hera, successfully floated earlier in the year.

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• Topics
• Southern Europe