An appraisal of trusts under the Italian tax amnesty

The current Italian tax amnesty, also informally known as ‘tax shield’ (scudo fiscale) by virtue of the protection granted to taxpayers who voluntarily disclose or repatriate undeclared foreign assets, has brought about an interesting evolution in the appraisal of trusts for Italian tax purposes. Th...

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Bibliographic Details
Published in:Trusts & trustees 2010-05, Vol.16 (4), p.247-249
Main Author: Panico, P.
Format: Article
Language:English
Subjects:
Amnesties
Beneficiaries
Foreign bank accounts
Foreign investment
Income taxes
Legislation
Repatriation
Revocable trusts
Tax rates
Taxation
Trustees
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Summary:The current Italian tax amnesty, also informally known as ‘tax shield’ (scudo fiscale) by virtue of the protection granted to taxpayers who voluntarily disclose or repatriate undeclared foreign assets, has brought about an interesting evolution in the appraisal of trusts for Italian tax purposes. This article examines that evolution.
ISSN:1363-1780
1363-1780
1752-2110
DOI:10.1093/tandt/ttq017