The legislative decree n. 231/2001 had a significant influence on corporate behaviour with regard to the prevention of economic crimes, to the self-analysis of risks and to the review of organizational processes. However, the ambiguity of some rules and the heterogeneity of case law have been a...

In order to combat against the phenomenon of tax evasion, the Government has to make choices that imply a significant change of its traditional modus operandi with regard to firms with large debts and tax liabilities

A special stamp tax has been introduced in Italy on financial assets declared on the basis of provisions regulating the «Scudo Fiscale» (Tax Shield Act). The new tax will apply to taxpayers who took advantage of the tax shield in the past and decided to keep the declared assets segregated

Italian savings is a necessary condition for economic growth and employment development and for this reason it deserves respect and appreciation. It must be supported both by the State and banks and financial intermediaries with initiatives aimed to improve communication, financial education and...

Over the years, the fiscal discipline of the real estate investment funds has been affected by various regulatory measures with the aim to introduce a favourable tax treatment and to prevent their misuse

Italy has recently introduced a financial transactions tax, applied on a range of financial assets, from equities to derivatives, with an emphasis on high frequency trading

The change in taxation for Italian mutual funds establishes a level playing field among European products but introduces complexities in making a choice between mutual funds and pension funds (still taxed with maturity method), suggesting the necessity of a similar reform for pension funds taxation.

The Italian Government has introduced significant changes to the tax treatment of capital gains and other financial incomes. The new fiscal framework will impact on Italian financial markets in 2012 influencing investors’ choices.

The introduction in the Italian legislation of the new instrument of mediation in tax disputes of an amount not exceeding € 20.000 is aimed to increase the use of out of court disputes resolution and to develop tax compliance

The legislation on dividends paid by companies resident in Italy to residents of other European countries has been modified after the remarks concerning disparity of treatment.These amendments focused on the tax options available to the operators concerned and the current legislation recognizes...