We are delighted and deeply honored by this recognition:
Valente Associati GEB Partners / Crowe Valente has been named "Transfer Pricing Firm of the Year" a prestigious honor we proudly accept.
We extend our heartfelt gratitude to our amazing clients and our dedicated team for their pivotal role in achieving this significant milestone.
On 21 September 2023, the 2023 GTAP Declaration was signed in Helsinki in the presence of Prof. Piergiorgio Valente, as Chairman, and the founding bodies of the GTAP (CFE the Tax Advisers Europe, AOTCA the Asia Oceania Tax Consultants’ Association and WAUTI the West African Union of Tax Institutes).
GTAP is an international platform, representing more than 700,000 tax advisers in Europe, Asia and Africa, bringing together national and international organizations of tax professionals globally, to promote taxpayer and tax advisers’ interests by ensuring the fair and efficient operation of the global tax framework.
Piergiorgio Valente, Chair GTAP and Jeremy Choi, President AOTCA
George Kwatia, WAUTI President with Jeremy Choi and Piergiorgio Valente
CFE Tax Advisers Europe is pleased to announce that a new Executive Board for the period of 2021-2022 was elected at its online General Assembly on 25 September 2020.
The new Executive Board will take up their duties on 1 January 2021. The General Assembly, the governing body of CFE Tax Advisers Europe, unanimously re-elected Piergiorgio Valente as President (Managing Partner, Valente Associati GEB Partners and Crowe Valente, and Professor at Link Campus University, Rome, Italy).
Martin Phelan was also unanimously re-elected as Secretary-General (Partner, Head of William Fry Tax Advisers, Ireland), as was Branislav Kováč in the position of Treasurer (Partner VGD SLOVAKIA, s.r.o., Board Member of the Slovak Chamber of Tax Advisers, Slovakia).
Piergiorgio Valente of Valente Associati GEB Partners/ Crowe Valente - Italy named as Tax Controversy Leader in World Tax’s dedicated Leaders series
Tax Controversy Leaders
has recognized Piergiorgio Valente as a highly regarded tax controversy adviser.
The Tax Controversy Leaders guide identifies the leading individuals working in tax controversy around the world, as selected by their fellow tax professionals. Market leaders chosen by market leaders. This year, the guide covers more jurisdictions, reaches out to more individuals and recognises more practitioners than ever before – from rising stars just making a name for themselves to market leaders with decades of experience behind them.
Any World Tax firm rankings or individual advisor ratings awarded to Valente Associati GEB Partners can be accessed here: https://www.itrworldtax.com/Lawyer/Valente-Associati-GEB-Partners-Crowe-Valente/Piergiorgio-Valente/Profile/2090#profile
For more information about Tax Controversy Leaders, please visit https://www.itrworldtax.com/
Introduction
Except for the unprecedented health crisis, the COVID-19 spread has generated the biggest economic and financial shock of the century across markets and cross-borders. The preventive and reactive mechanisms developed by national governments and international and supranational organizations to respond to the crisis give in turn rise to a plethora of tax questions.
It is critical for businesses to understand how the various measures adopted impact on the tax systems and how these have transformed to react to the shock. As such, they will be able to ensure tax compliance while also taking advantage of any relevant tax incentives. Such exercise is particularly challenging, taking into account the complexity of the measures and the various levels in which they have been/are being developed: international, EU and national.
Published in: Kluwer International Tax Blog - 6 August 2020
Mit Gesetzesdekret Nr. 147/2015 sollen Investitionen in Italien gefördert werden. Dafür erhalten Unternehmen und Einzelpersonen die Möglichkeit, ihre Aktivitäten auf italienischem Staatsgebiet in bewusster Kenntnis des geeigneten Besteuerungsmodells zu planen. Es wurden ein sog. Cooperative Compliance Program und ein Advance Ruling on New Investments (Steuervorbescheid für Neuinvestitionen) eingeführt. Damit soll der Dialog mit dem Steuerpflichtigen verbessert werden und ihm mehr Sicherheit bei der Bestimmung der steuerlichen Belastung im Zusammenhang mit relevanten und dauerhaften ausländischen Investitionen in Italien gegeben werden.
Published in: NWB Datenbank - IWB Nr. 10 - 29 May 2020
An ambitious project.
New year. New resolutions.
From an international taxation perspective, the resolution to reach in 2020 is a clear and an urgent one: worldwide consensus on how to tax the digital economy. lt is all but a new project, considering that the discussion started 5 years ago. But 2020 has been set as the landmark-deadline year to find a common solution. lndeed, there is no more margin and no excuse for extensions.
Published in: 47th Issue IAFEI Quarterly
Advance Pricing Agreements (APAs) are a diffused tool for taxpayers to obtain certainty in relation to the tax impact of their cross-border activities through an agreement with a tax administration in advance of such activities. APAs can be unilateral, bilateral, or multilateral depending on the number of national tax administrations involved, the latter two promising that the agreement made shall not be questioned in the other affected tax jurisdiction.
Departing from the enhanced mutual agreement procedure (MAP) framework recently established among Member States through the Tax Dispute Resolution Directive, a future EU legislative initiative could outline a robust framework for MAP APAs in the Single Market.
Published in: INTERTAX, Volume 48, Issue - January 22 2020
The Change of Scenery
On 1 December 2019, the von der Leyen Commission took over for the coming 5 years, and it is called to deliver on a most challenging mandate. The European identity is questioned more than ever before, with Brexit being just one of the several signs. The established structures of the EU and global economy are also questioned. Unprecedented technological developments threaten with unemployment millions of people and demand rapid evolution of new skills, while promising widespread prosperity and unknown potential for humankind. Digitalization keeps alleviating cultural differences; at the same time though, nationalist movements are getting stronger and stronger. Climate change is present, undeniable reality, already in the process to overhaul the face of our planet.
Published in: Kluwer International Tax Blog - December 16, 2019
In the year in which IAFEI celebrates its 50th anniversary, the 49th Congress of IAFEI will take place in Italy in Matera (2019 European capital of culture) on October 25th and 26th.
The main topic is quite inviting: “An holistic view of the enterprise in a changing world - Cultural heritage, basic value and forward guidance for driving change in business and growth models“.
The scope is to discuss how shall the today’s enterprises evolve towards the one of the future.
Published in: 45th Issue IAFEI Quarterly - 1 October 2019
While data-centred business models are claiming an ever-growing share of worldwide revenue, regulatory efforts to identify proper tax rules for the relevant activities are intensifying. It is questionable whether or not the proposals currently on the table capture the distinctive features of the data economy. The formulation of appropriate tax rules requires a thorough understanding of the mechanics of data processing activities and due consideration of the difference between information, which is an intangible asset, and tangible assets.
It is widely acknowledged in the areas of business, legislation and policymaking, as well as administration and human rights protection, that the dominion of data is increasing. This is clearly illustrated by the series of legislative initiatives launched and/or adopted in order to provide a legal framework applicable to the unstoppable flow of data.
Data collection and analysis are not, however, new processes. In particular, data processing is deemed to encompass:
any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction.
Published in: European Taxation, 2019 (Volume 59), No. 5 - 15 April 2019
lnternational tax disputes arise, in principle, where
there is a bilateral or multilateral treaty for the avoidance of double taxation (hereinafter "Double Tax Convention" or "DTC") or an equivalent instrument and
the contracting jurisdictions exercise their taxing power in a manner resulting in violation of its provisions.
In addition, such disputes can also arise without violation of the DTC (including equivalent instruments), if there is disagreement or uncertainty in relation to the correct application of its provisions. In a nutshell, international tax disputes can arise, if there is a framework agreed between two or more jurisdictions regarding the exercise of their taxing power in cases involving both of them (in principle in a DTC).
In their vast majority, existing DTCs previde for the resolution of the above disputes through the so-called mutuai agreement procedure or MAP, following the respective provisions of the OECD Model Tax Convention (hereinafter the "OECD Model"). MAP aims at dispute resolution through agreement between the national tax authorities involved, on the basis of dialogue and cooperation, following request by the taxpayer affected.
Published in: IAFEI Quarterly (43rd Issue) - 11 April 2019
Geopolitics has been defined as ‘great power competition over access to strategic locations and natural resources’.
In essence, it focuses on the impact of geography on international political relations and vice versa.
The principal actor in international political relations is the state. And the effective power to tax is historically a constitutive element of the state. Tax revenue is, in fact, one of the fundamental resources for the modern state to perform its role, i.e. to ensure security of the people in its territory and to deliver its policy objectives.
Tax policy can, therefore, be considered of key relevance for national sovereignty. In this light, geotaxation can be understood as the study of the interactions between geography and the international tax framework.
It focuses on international tax relations and their development under the influence of geographical factors. Thus, it considers collaborations among different states at various levels, such as the League of Nations, the OECD, the BEPS Inclusive Framework, the UN, the IMF and the European Union, and their impact on national and international tax policy.
Published in: Intertax (Vol.47) - 18 March 2019
The Debate
What makes a tax system competitive?
How can countries multiply the competitiveness of the existing system?
These question-marks are attracting substantial research by today’s policy makers, at national and international level as well as by business lobbyists. Most importantly, their potential replies entail significant impact for taxpayers and the society in general. Indicatively, one of the principal objectives of European Commission’s 2015 Action Plan for A Fair and Efficient Corporate Tax System was to create “a competitive and growth-friendly corporate tax environment for the EU”. On a similar pattern, the 2018 Digital Tax Package seeks to enhance the competitiveness of the Single Market. At the other side of the Atlantic, the fiercely debated U.S. tax reform had one clear-cut objective, to increase the competitiveness of the U.S. tax system.
Published in: Kluwer International Tax Blog - 4 March 2019
Cross-border dispute resolution mechanisms have been evolving rapidly in recent years.
The importance of an effective process for enforcing bilateral double tax agreements and for avoiding double tax issues more generally cannot be understated. Two critical tools in this regard are the mutual agreement procedure and arbitration.
The final report on action 14 of the OECD’s base erosion and profit-shifting project focuses on the improvement of tax dispute resolution. Along with the changes that the multilateral instrument makes to article 25(5) of the model convention, the OECD’s work is inspiring international change.
Published in: TAX NOTES INTERNATIONAL - February 25, 2019
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