As a result of the significant reduction of U.S. corporate income tax rates pursuant to the tax reform of the TCJA enacted on December 22, 2017, the Unites States now has a lower corporate tax rate than many of its trading partners, meaning that, in many instances, the profits of foreign owned or controlled-U.S. subsidiaries
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U.S. Now a Black-Listed Country For Purpose of Italy’s CFC Rules
By Marco Rossi on
Pursuant to the Tax Cuts and Jobs Act (“TCJA”) passed on Dec. 22, 2017, the U.S. will tax U.S. corporations with the following tax rates:
– 21 percent general corporate income tax rate,
– 13.125 effective tax rate on U.S. corporation’s foreign derived intangible income (“FDII”), for taxable years from 2018 through 2025;
– 10.5…
Italy Implemented the IV Anti Money Laundering Directive: What is Relevant For Trusts
By Marco Rossi on
With the Legislative Decree n. 90 of May 25, 2017, published on June 19, 2017 Italy finally adopted and transposed into its own legal system the EU Directive 2015/849, usually referred to as the “IV Anti Money Laundering Directive”.
One area that attracts particular attention concerns the new reporting rules applicable to trusts.
Article 21,…
MQR&A’s New Web Site is On-line
By Marco Rossi on
We would like to inform all our clients, contacts and friends that our new web site is now on line. The new web site encompasses all previous information about our services and areas on practice in a more professional, nice looking and user friendly format. The "News" section on the web site will work in…
The International Tax Institute, Inc. Launched Its New Website
By Marco Rossi on
http://www.internationaltaxinstitute.org/…