Italy
Research has claimed that the net US federal income tax bills of 35 companies were negative $1.72 billion, while, in other news, Italy’s economy minister has predicted that pillar two will fail
Chris Jordan also said that nations have a duty to scrutinise the partnership structures of major firms, while, in other news, a number of tax teams expanded their benches
The cuts are reportedly related to its failed Project Everest, and Airbnb is ordered to pay €576m by Italy’s tax authority
Italy’s lost VAT revenue is the highest in the EU, Guernsey shoots down new GST proposals, Egypt introduces VAT on tobacco products, and more
Sponsored
Sponsored
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Sponsored by Crowe Valente/Valente Associati GEB PartnersFederico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente report on the publication of guidelines concerning the compensation of asset managers that provide services to entities within the same group
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Sponsored by Gatti Pavesi Bianchi LudoviciThe Italian Supreme Court has ruled that a natural person does not need to be actually subject to individual income tax to receive tax treaty protection, report Paolo Ludovici and Ludovica Lorenzetto of Gatti Pavesi Bianchi Ludovici
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Sponsored by Crowe Valente/Valente Associati GEB PartnersFederico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente explain the revised timeframes and requirements for Italian taxpayers submitting transfer pricing documentation and aiming to benefit from the penalty protection regime