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...

In a global context in which many banking systems are wondering about their future and how to redefine a modus operandi that has been overwhelmed by an epochal crisis, it is a reason of strength for the Italian economy to count on a traditional banking system, based on credit to the firms and...

The Specialized investment fund (Sif) has become a very popular alternative investment because it allows founders to create a wide range of funds with different strategies and structures enjoying, at the same time, a wide autonomy in the organization and determination of policies investment....

The process of innovation involves the introduction in the Italian market of new financial instruments, sometimes even before the adoption of a specific civil and fiscal discipline. This is the case of Exchange Traded Commodities, financial hybrid instruments traded on the Etf plus market of the...

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...

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 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