An interview on Marco Q Rossi & Associati has been published today on the Italian financial newspaper ITALIA OGGI. We attach below the file with the full account: www.lawrossi.com/images/stories/docs/MQR_Italia_Oggi.pdf
Obblighi di Reporting per Investimenti Esteri: La Saga Continua
Secondo quanto riportato di recente su Bloomberg, diverse banche svizzere sarebbero in procinto di siglare un accordo con il fisco americano a chiusura di un contenzioso in materia di evasione fiscale. In forza dell’accordo le banche si disporrebbero a pagare una somma in via transattiva e fornire al fisco americano le informazioni sui propri clienti
Imprese italiane con clienti e contratti negli USA: rischi e potenziali oneri fiscali
Riteniamo utile segnalare una serie di situazioni che stiamo seguendo sempre più frequentemente per conto dei nostri clienti. Le imprese italiane che vendono beni e servizi a clienti americani devono porre particolare attenzione agli eventuali obblighi e oneri fiscali cui potrebbero essere soggette negli USA, anche quando non hanno una società controllata, filiale o sede secondaria sul territorio degli Stati Uniti. Infatti, salvo i casi di pura esportazione di beni senza alcun ulteriore contatto con gli USA, è altamente probabile che vi siano situazioni tali da generare tali oneri e che eventuali distrazioni possono anche essere costose.
MQR&A Presents at Unindustria Bologna on June 8
MQR&A will present at Unindustria Bologna on legal, corporate and tax aspects of opening a business in the United States- Best practices and framework for Italian enterprises entering the U.S. market.
European Commission Blesses Italy’s Anti-Inversion Rules
The European Commission confirmed that Italian anti inversion rules treating foreign companies owned or controlled by Italian national and owning or controlling Italian companies as Italian resident companies subject to tax in Italy do not violate EC law to the extent that they are designed to combat tax evasion and provide taxpayers with a reasonable opportunity to rebut the tax residency presumption and treat the foreign company as foreign and outside Italian tax net
MQR&A’s New Web Site is On-line
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
IRS Launches a New Offshore Voluntary Disclosure Program
IRS launched a new program for the voluntary disclosure of offshore accounts. The program ends on August 31 and provides for reduced penalties for pas non compliance
Italian Supreme Court Confirms Validity of Merger Leveraged Buyout
Italian Supreme Court with judgment 1372 of January 21, 2011 confirmed a merger leveraged buyout transaction is not abusive in itself and can be respected for tax purposes. As a result, the acquisition company’s interest expenses deductions used to offset the income of the target were allowed.
New Bill Aimed At Introducing Flat Tax on Italian Real Estate Income
The bill on tax federalism currently under discussion in the Parliament would introduce a new flat 20 per cent tax on Italian real estate income. That would benefit foreign investors who are currently taxed at 30 per cent rate under most tax treaties. The new provisions would not apply to foreign real estate income and might be challenged as violating the non discrimination and free movement of capital provisions of EU treaty.
Italian Tax Agency Extends Scope of CFC Rules
Italian tax administration provided clarifications that expand the application of Italian CFC rules. In particular, the administration explained that income from contract manufacturing activities and income from purchases or sales of related party products count as passive income for the purpose of applying the passive income test that triggers the application of the rules to controlled foreign companies organized in non black listed jurisdictions. The clarifications pose additional burden on international tax planning of Italian multinationals.