Aug 13, 2010
Silvio Scaglia, the thirteenths richest man in Italy, among 35 other high-profile individuals have been given a court date to defend themselves in the largest tax fraud case in Italian history, after months of legally dubious detention. On November 2nd thirty six individuals will begin trial proceedings in front of the Italian courts, facing allegations [...]
Silvio Scaglia, the thirteenths richest man in Italy, among 35 other high-profile individuals have been given a court date to defend themselves in the largest tax fraud case in Italian history, after months of legally dubious detention.
On November 2nd thirty six individuals will begin trial proceedings in front of the Italian courts, facing allegations of tax fraud, conspiracy to commit tax fraud, and money laundering. The state prosecutor is contesting that the illicit actions were carried out by or under the approval ... Read More
Apr 7, 2010
An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT). On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring [...]
An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT).
On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring it up to currently agreed upon standards of international tax transparency. The Convention, opened for signing in 1988, is an international framework which provides facilitation of multinational exchange ... Read More
Dec 30, 2009
In excess of €95 billion of previously undeclared assets, almost €15 billion more than initially anticipated, have been disclosed to the Italian government in the country’s latest tax amnesty. Assets worth nearly 6 percent of the national GDP have been declared by Italian nationals during the tax amnesty, and 98 percent of the amount has [...]
In excess of €95 billion of previously undeclared assets, almost €15 billion more than initially anticipated, have been disclosed to the Italian government in the country's latest tax amnesty.
Assets worth nearly 6 percent of the national GDP have been declared by Italian nationals during the tax amnesty, and 98 percent of the amount has already been transferred back to Italy, mainly from offshore tax havens. The successful result of the controversial tax amnesty was announced in a statement of Economy Ministry ... Read More
Nov 5, 2009
The Swiss Government has put a halt on Double Taxation Agreement (DTA) procedures with Italy. Following Italy’s raid on Swiss banks located in Italy, the Swiss government announced on November 1st that it has suspended its negotiations regarding their DTA with Italy. In retaliation, Giulio Tremonti, Italy’s Finance Minister, threatened to “dry out” Lugano, Switzerland’s [...]
The Swiss Government has put a halt on Double Taxation Agreement (DTA) procedures with Italy.
Following Italy's raid on Swiss banks located in Italy, the Swiss government announced on November 1st that it has suspended its negotiations regarding their DTA with Italy. In retaliation, Giulio Tremonti, Italy's Finance Minister, threatened to “dry out” Lugano, Switzerland's most prominent financial center after Zurich and Geneva.
Hans-Rudolf Merz, Swiss President and Finance Minister, said "The accord was ready for ratification from our side. But now the ... Read More
