in first reading the bill relating to the “Special Tax Economic District”
The idea is to create a functional ecosystem forattraction of foreign investment in innovative and strategic sectors, the effort is of avoid distorting elements which can distort competition and the economic reality of the territory. The draft law Economic District with Special Taxationwho had already made headlines on the last estate due to the paternity attributed to the Spanish businessman Enrique Bañuelos, arrives at first reading in Council. Close as inspiration to the Special Economic Zones, forms that have already been tested for some time elsewhere (including Italy), circumscribed and created to attract greater foreign investments, the Special Tax Economic District, in taking into account the uniqueness of the characteristics of San Marinounlike existing models, it is subject to ordinary rules and characterized by a special tax name.
The 8 items they explain what the DES is, i.e. a new model of economy, including fiscal, made up of a set of companies, structures, economic accommodation, tourist and commercial activities and services to businesses and people; who can stay there, both non-domiciled tax residents (those who stay in the Des from a minimum of 30 to a maximum of 150 days) and Des businesses will enjoy one special tax regime; controls, requirements and constraints: for example, companies already operating in San Marino or in Italy, at least in the previous ten years, are excluded. “A Flywheel of Opportunities” is the premise of governmentwhile theopposition he turns up his nose, also due to “the lack of sharing”.