Italian Supreme courts reverses course on the issue of re-characterization of an Italian foreign owned company as permanent establishment of its foreign parent. The decisions seems to depart significantly from previously established case law stemming from the Supreme Court’s decisions in the Philip Morris case and provide more clarity to foreign businesses interested in expanding into Italy
Favorable Tax Treatment for Special Investment Funds Denied, EU Trial Court Ruled
By Marco Rossi on
The reduced tax applicable to special investments funds was held illegal by the EU Court of First Instance in judgments issued on March 4, 2009.…