The Resource Italian budget law for 2006 - some actions to be considered

Italian budget law for 2006 - some actions to be considered

Label
Italian budget law for 2006 - some actions to be considered
Title
Italian budget law for 2006 - some actions to be considered
Creator
Subject
Language
eng
Summary
The Italian law regarding the corporate income taxation has been amended several times and eventually revised by 2006 Budget Law. Several provisions of law entered into force also in 2005 and they apply in determining the reportable taxable income for the 2005 fiscal year. Most of the provisions have amended the tax law to correct and complete specific regulations, such as tax consolidation, and also to close 'loopholes' that have allowed aggressive practitioners to implement profitable tax planning, such as 'dividend washing'. On the other hand, some of the new rules have been introduced to increase tax revenues due to severe budget constraints and for political reasons (public election will take place in April 2006). In this way these law changes have betrayed the spirit of the tax reform, now leaving a law framework with some inconsistencies and uncertainties. This article highlights the most relevant changes occurred in the last three months as result of the provisions of DL 209/05, Law 248/05, Law 266/05, and DLgs 247/05
Citation source
In: Tax planning international : European Union focus. - London. - Vol. 8 (2006),
http://library.link/vocab/creatorName
Gnetti, C
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • tax reform
  • corporate income tax
  • energy industry
  • participation exemption
  • dividend stripping
  • goodwill
  • asset
  • immovable property
Label
Italian budget law for 2006 - some actions to be considered
Instantiates
Publication
Label
Italian budget law for 2006 - some actions to be considered
Publication

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