Taxation in Italy

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The Italian government will pocket over €4 billion ($4.4 billion) in proceeds from a tax amnesty it launched as part of a broad crack down on Italian money stashed abroad.

Credit rating agency Moody’s warned Italy on Thursday about a potentially negative impact on the country’s sovereign rating from the removal of a levy on primary residences.

What goes around, comes around. After having buried a similar proposal by his own Democratic Party colleague Francesco Boccia in 2013, Italy’s prime minister Matteo Renzi has announced the introduction of a ‘digital tax’.

Italians who want to stash their riches out of reach of tax collectors might familiarize themselves with a restaurant on the Via della Posta in the Swiss town of Locarno, about 6 miles from the Italian border. One floor above Ristorante Pasta e Ravioli is the office of safe-deposit-box company Gestisafe, whose website boasts that […]

The Italian government, which has made a priority of lowering taxation on first homes in the soon-to-be presented 2016 budget law, is also considering measures to spur companies’ competitiveness, the economy minister said on Sunday.

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