This note considers the new Italian anti-avoidance rule introduced to counter foreign entities that have no real tax residence abroad. In particular, details are provided of the application of the new anti-avoidance rule, its primary effects, disproving the relevant assumption, compatibility with the EC Treaty and tax treaties, the implications regarding the Italian controlled foreign company legislation, and the entry into force and consequences of the legislation.

• Autores: Roustam Vakhitov
• Localización: European taxation, ISSN 0014-3138, Vol. 47, Nº. 1, 2007, págs. 58-59
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • In this note, the author provides details of various laws which amend the Tax Code. The amendments primarily change a number of general definitions and administrative procedures, but also amend provisions relating to specific taxes.