No. 963 - Corporate mobility and macroeconomic statistics: evidence from the redomiciliations of Italian companies
by Cristina Bove, Stefano Federico, Giuseppina Marocchi, Silvia Sabatini and Enrico Tosti
September 2025
This paper examines the practice of relocating a parent company's legal headquarters abroad ('redomiciliation'), focusing on companies that exited Italy between 2012 and 2024. We analyze the main characteristics of those relocations and discuss their implications for macroeconomic statistics, both in terms of theoretical principles and compilation practices.
Out of the 16 cases of redomiciliation away from Italy we examined, 10 companies relocated to the Netherlands, presumably to benefit from their corporate regime, which favors long-term shareholder control. These relocations, we found, also had a notable impact on Italy's foreign and macroeconomic statistics (with an annual reduction in national income of 0.2 percent).
YouTube
X - Banca d'Italia
Linkedin
RSS
E-mail Alert
