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Dual income versus capitalization

February 01, 1998

Italy has introduced a dual income tax system, in the hope of overturning existing levels of capitalization. Paul Smith and Piergiorgio Valente of Ernst & Young, Milan, assess the benefits of the new system, and question the likelihood of a serious challenge to debt/equity policies

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FeatureSponsoredITR MagazineFebruary 1998
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