Italy: New CFC Legislation

New provisions concerning the taxation of income generated by Controlled (CFC Legislation) have recently been introduced. Indeed, two different bills of law were presented to Parliament on 15 November 1999 and 15 march 2000. The latter was approved, with certain amendments, by the Senate on 5 July 2000 and by the Chamber of Deputies on 4 October 2000 and was finally included in the Law N. 342 of 21 November 200, which has been published in Official Gazette N. 276 of 25 November 2000.

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The New Italy-US Tax Treaty

A new treaty between the United states and Italy (hereinafter: the new treaty) was signed in Washington on 25 August 1999 by the Italian Ambassador Ferdinando Salleo and the Deputy Assistent Secretary to US State Department for Western Europe James Gadsen. The new treaty will replace the one signed on 17 April 1984, which has been in force since 30 December 1985. 

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The New Italy-US Tax Treaty

A new treaty between the United states and Italy (hereinafter: the new treaty) was signed in Washington on 25 August 1999 by the Italian Ambassador Ferdinando Salleo and the Deputy Assistent Secretary to US State Department for Western Europe James Gadsen. The new treaty will replace the one signed on 17 April 1984, which has been in force since 30 December 1985. 

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The New Tax Credit Regime on Dividends: Effects on Existing Treaties

The aim of this article is to outline the provisions introduced in Italy by the Legislative Decree No. 467 of 8 December 1997, concernig the abolition of theequalization tax and the reform of dividend tax credit.

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