Transparency in Italian tax matters

Table of contents

• Original news
• Can you explain the background to this move?
• How much demand do you think there will be for it?
• Why do you think that corporate entities, trusts and non-commercial entities are being allowed to participate?
• Why do you think that it will include onshore Italian disclosures as well as offshore ones?
• Do you think that the scheme will work well in practice? Or are there any loopholes, drawbacks or bureaucratic details that could make it difficult to comply with?
• Is this a part of a trend?
• What should people and entities affected and their advisers be doing now?

Article summary

Tax analysis: As national governments continue to push for tax transparency, Giulia Cipollini, head of the tax department at Withers’ Italian practice, discusses the decision from the Italian government to introduce a programme of voluntary tax disclosure.