Italian Prime Minister Matteo Renzi (R) gestures as he speaks next to Commissioner of Expo 2015 Giuseppe Sala during a news conference at the Expo 2015 work site near Milan, in this March 13, 2015 photo. REUTERS/Alessandro Garofalo
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Asian and Gulf financial firms seeking an alternative European base to London after Britain's vote to quit the European Union may need to look no further than Milan.While Frankfurt, followed by Paris, Dublin and Luxembourg are seen as the most likely cities to grab a slice of Britain's financial industry if firms shift operations to guarantee continued EU access, Milan is targeting the investors who have been bargain hunting in crisis-hit Southern European markets.According to KPMG the basic corporate tax rate in Milan is 31.4 percent, which compares to 20 percent in London.Milan is home to about 3 million people in its metropolitan area and the fourth-biggest fee-earner in Europe for investment banks such as HSBC and BNP Paribas which have recently moved their local offices to the newly launched business district of Porta Nuova, owned by Qatar Investment Authority.
FOLLOW THIS ARTICLE