The functioning of the different financial income taxation regimes for individuals, private partnerships and non-commercial entities indicate that there are differences in the treatment of capital losses. In the declaration and administered savings fiscal regimes, capital losses are those...

Exchange Traded Commodities do not have a specific fiscal discipline in Italy. For this reason the Italian Revenue Agency has provided indications about their tax treatment, thus overcoming the uncertainties of the operators and promoting the development of these instruments in the Italian market

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 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 stability law approved in December 2013 has modified the fiscal treatment of loans and credit losses, thus mitigating the effects of the previous discipline that placed Italian banks in a position of competitive disadvantage in Europe

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