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Annual tax credit of 80 million to pension funds that invest medium to long term

After months in the making, the decree that offers a tax reduction to pension funds and social security funds that invest in the real economy has finally seen the light of day.  Minister Pier Carlo Padoan  signed the measure that allows these institutional investors to get a tax credit, for an annual value of 80 million euros, if they allocate a portion of their resources to stocks, bonds or shares  of collective investment undertakings, with a goal of medium-long term investment.  Pension funds and social security funds will have to have among their assets, for a period of at least...

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