Giancarlo Giorgetti, Minister of Economic Development
He put the green light on tax credit for benefit companies
From Thursday 19 May and end to 15 June Italian companies who want to set up or become a benefit company will be able to obtain a tax credit at 50% for all costs of incorporation or transformation into a company benefitincluding those notary public and of registration in the register from the businesses, as well as for the expenses related to professional assistance and consultancy. The resources allocated are equal to 7 million.
What are b-corp
Benefit corporations are entrepreneurial activities which, in addition to pursuing economic purposes, operate in a manner responsible, sustainable And transparent towards people, community, territories, environment, goods, cultural activities, social, entities, associations and other stakeholders. “A strongly desired measure becomes operational that promotes and enhances a business model that finds in our country an important tradition to refer to, where brave entrepreneurs invest in the pursuit of profit while remaining attentive to social aspects and the common good “, points out the Minister of Economic Development, Giancarlo Giorgetti.
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