The participants at this national roundtable noted that digitalization is a paradigm that is not only revolutionizing the economy but the whole of society. This transformation transcends geographical boundaries, is not confined to particular sectors, and has also changed the market and the contractual rules that for decades have governed dealings between different economic actors.
The participants at this National Conference noted that after a decade of profound economic and social crisis, some encouraging signs are emerging on a macroeconomic level that lend hope to the possibility of reestablishing a virtuous circle between the financial system, the real economy, and society at large. It was acknowledged, however, that there are still many challenges to be addressed, including regulation and the technological acceleration that has led to the advent of the fintech phenomenon.
Discussions at this national roundtable opened with the observation that the tax reforms signed into law by the Trump administration have an air of momentousness about them and have a significant impact on corporate taxation, with the company tax rate reduced from 35% to 21%. The impact on personal income tax is, however, decidedly more modest, with the tax rate cut by merely 2.6 percentage points, dropping from 39.6% to 37%. In addition, the former measure is, at least in theory, permanent, while the latter – for reasons tied to US parliamentary rules – will end in 2025.
Discussions at this National Conference kicked off with the observation that Italy’s trade-fair sector is a key tool for promoting the country’s economy. Not only do successful events have an important economic impact on the area in which they are hosted, with a potentially greater than tenfold multiplier effect, but trade fairs also offer crucial support to businesses.
Investments, culture, sharing: three elements that pundits and professionals consider indispensable to making System Italy resistant to cyber threats.
The participants at this national roundtable described Italian agriculture as a sector which, although growing, is still replete with shortcomings. The industry has shown that it can shift exports of over 41 billion euro, but this is still not in the league of Germany’s 80 billion euro figure. It was felt that the sector continues to suffer from insufficient competitiveness, due mainly to a lack of investment and innovation.
The international system is at a highly uncertain stage of transition, both in terms of the economy and of politics and security. Following the acceleration in growth and trade (in part, certainly positive) owing to the globalization mainly of the 1990s, a series of tensions have become manifest in the form of regional crises and global instability. Profound technological changes – those macroscopic in the financial sector, but not only – have had a direct effect on the social structure of individual states and on balances of power.
The participants at this roundtable noted that there is practically unanimous consensus on the need to rise to the challenge of achieving eco-sustainable mobility, a necessary objective in order to meet the Paris Agreement’s target of keeping the increase in global average temperature to well below 2°C. The issue was viewed as one primarily concerning the health of both the present generation and the next.
The participants at this national conference recalled, by way of introduction, that two objectives are pursued through taxation systems, namely: the social purpose of ensuring there are resources for essential community services, and the economic aim of fostering business and investment. It was underlined that these systemic objectives are undermined when fairness and certainty are wanting.
Smart factories, interconnected cities, and fifty billion objects hooked up to the internet by 2020: these were some of the facets of the digital revolution flagged by the roundtable participants as transforming the economic and social fabric of both advanced and developing countries. This ramping-up of technology was regarded as a game-changer, opening the doors to Industry 4.0, the promised benefits of which are manifold, including maximum volume flexibility, faster transition from prototyping to mass production, increased productivity, and reduced waste.
Kick-starting discussions at this national conference was the observation that it is customary to consider creativity as an expression of individual genius, or to associate it with an extravagance and fancifulness far removed from the workings of the economy and corporate business. Moreover, the concepts of artistic or aesthetic creativity and economic or productive creativity are often perceived as antithetical.
Though acknowledged as unpredictable in its consequences like every momentous turning point of the past, the fourth industrial revolution was hailed by participants at this national roundtable as entirely unique in terms of its pervasiveness, the profundity of the transformations induced, and the speed of the changes occasioned, marking something of a “progressive watershed” between one age and another.
The participants at this national roundtable vehemently challenged the veracity of a popular – now verging on hackneyed – belief that the Italian education system only churns out mediocrity. Nothing – it was felt – could be further from the truth. The tenor of education and training at an international level leans favorably towards the traditional system adopted in Italy which is based, in its essentials, on the Giovanni Gentile model.
Enjoying financial success and great international appeal but needing a rethink of its offerings and prospects was how participants at this roundtable described the Italian interior design industry, with the sector having reached a peculiar historical juncture. It was noted that the 2017 edition of the Salone del Mobile international furniture fair set new records in terms of attendance numbers and interest attracted among an extensive audience of foreign visitors.
Discussions at this national roundtable emphasized that sustainable mobility is a fundamental underpinning of any goods and people transport system that, while meeting movement and transportation needs, does not give rise to negative environmental and health impacts but rather contributes to ensuring improved quality of life.
