FLAT TAX FOR WEALTHY NEWLY RESIDENTS IN ITALY – AN OPPORTUNITY FOR BILLIONAIRES?

Posted on by Federica Romanelli
Forbes recently published a list of the 100 richest people in tech. See here: https://www.forbes.com…  None of these people are Italian residents. After considering the benefit of the new Italian flat tax for billionaires, they might want to reconsider their options. The 2017 Italian Budget Law (Law n. 232, dated December 11, 2016) introduced measures aiming at bringing foreign investments to Italy. People with large fortunes may want to consider moving to Italy using the combination Read more [...]

Italy approves a 3% ‘web tax’

Posted on by Federica Romanelli
On December 2017, Italy passed a 3% tax on certain internet transactions concerning services through electronic means. The 3% tax will be calculated on the value of the transaction (VAT excluded), notwithstanding where the transaction is executed. Services provided through electronic means include all those services provided through the internet or an electronic network and whose performance is basically automated – with minimal human intervention – and that would be impossible in the absence Read more [...]

Federal Court vacates DHS’s “Delay Rule” on immigration parole status for certain entrepreneurs

Posted on by Federica Romanelli
On December 1, 2017, a D.C. District Court vacated the Department of Homeland Security’s (DHS) decision to delay the implementation of an Obama-era immigration rule, the International Entrepreneur Rule (IER), 82 Fed. Reg. 5,238 (Jan. 17, 2017). In order to increase and enhance entrepreneurship, innovation, and job creation in the United States, the IER would have allowed certain foreign entrepreneurs to obtain immigration “parole” — that is, to temporarily enter the United States despite Read more [...]

Flat tax for foreign investors in Italy – Guidelines

Posted on by Federica Romanelli
In the “2017 Budgetary Law”, definitively approved on 7 December 2016, the Italian Government has introduced a series of dispositions aimed at creating incentives for foreign investments in Italy. Who have a large patrimony , could be interested in obtaining a fiscal residence in Italy through the combination of two dispositions contained in the 2017 budgetary law: Tax benefit for newly-domiciled subjects, namely establishing a flat-rate tax on earnings generated abroad. The “Investor’s Read more [...]