# Italy and USA Strengthen Economic Ties Through Strategic Tax Policies Global competition for capital shifts toward fiscal stability and predictable regulatory environments. - **Source:** [Il Sole 24 Ore – Italia](https://www.ilsole24ore.com) - **Published:** 2026-11-04 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/758c545a-469d-47fc-9305-c6036416f880 ## Shifting Global Competition Paradigms Global economic competition is no longer defined solely by labor costs or market size. According to AmCham Italy, the focus has shifted toward stability, predictability, and favorable development conditions. This transition requires nations to rethink their industrial policies to attract international capital, talent, and new entrepreneurial ventures in a changing landscape. ## Fiscal Policy as Strategy Fiscal levers are now viewed as essential strategic tools for industrial policy rather than mere technical adjustments. By simplifying regulations and offering targeted incentives, governments aim to create ecosystems that foster business growth. This approach is critical for maintaining competitiveness while navigating the complex, ongoing redefinition of global value chains. ## Italian Government Reform Efforts Deputy Minister of Economy Maurizio Leo highlighted recent government achievements focused on international taxation. Reforms prioritize legal certainty and administrative simplification to support both domestic and foreign entities. Specific attention has been directed toward improving the status of neo-residents and streamlining the management of foreign subsidiaries controlled by Italian parent companies. ## Attracting High-Net-Worth Individuals Italy is actively positioning itself to attract wealthy individuals through specific fiscal incentives. Professor Guglielmo Maisto noted that Milan remains a primary hub for finance professionals, while regions like Lake Como, Tuscany, and Rome appeal to those seeking cultural enrichment. These locations leverage Italy's unique quality of life to draw international residents. ## Transatlantic Economic Stability The economic relationship between Italy and the United States remains robust, with US capital stock in Italy reaching approximately 45 billion dollars. Growth is currently driven by investments in artificial intelligence and infrastructure, including new data centers. Officials emphasize that this partnership is one of the most enduring in the international arena. ## Impact of Political Cycles Despite shifts in US political leadership, Italian officials maintain that bilateral economic cooperation remains unaffected. Simone Crolla suggested that a divided US Congress might actually benefit business by preventing unpredictable legislative swings. This political balance provides a level of stability that investors find reassuring for long-term planning and capital allocation. ## The Role of Legal Certainty International investors prioritize legal certainty and the rule of law when evaluating potential markets. Italy is working to solidify its reputation as a reliable destination by ensuring consistent rules for residents and businesses. This institutional stability acts as a key enabler, significantly influencing the decisions of global firms considering Italian expansion. ## Future Outlook for Investment The competition for global capital will continue to intensify as nations refine their fiscal strategies. Italy aims to transform global challenges into growth opportunities by fostering a sustainable, long-term development model. Success will depend on the continued ability to balance fiscal attractiveness with a stable, transparent, and business-friendly regulatory environment. ## Sources covering this story - https://www.ilsole24ore.com/art/italia-usa-competizione-globale-passa-leva-fiscale-AJ0Sve4B — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._