by Giacomo Francioni. This week the Chancellor published on Twitter the following statement “we’ve introduced tax cuts, increased wages & boosted support for small retailers. Our balanced approach is paying off - debt is falling, the economy is growing, we’re...read more
by Giacomo Francioni. Notwithstanding the Brexit drama, the Chancellor Philip Hammond presented his Spring Statement on Wednesday 13 March 2019. As expected, there were few news since all the tax changes coming into effect in April 2019 were announced in the last...read more
by Malcom Lim and Marco Notarnicola. On 18 February 2019, Republic of Singapore Finance Minister Heng Swee Keat delivered the Singapore 2019 Budget Statement titled “Building a strong, united Singapore”. In 2018, the Singapore economy grew by 3.2%, with the overall...read more
The unclear application of the Italian law concerning taxation of interest paid to Swiss banks may raise tax and criminal litigations
by Daniele Carlo Trivi and Valerio Vallefuoco, published in the Quotidiano del Fisco, 14/02/2019. Free translation The interpretation of the tax legislation concerning interest paid on loans granted by Swiss banks to residents of Italy may lead to different...read more
di Alessandro Belluzzo e Manuela Travaglini. Dal 21 gennaio 2019 è possibile presentare domanda di “settled status”, il sistema di registrazione che consentirà ai cittadini dell’Unione Europea residenti in Regno Unito, tra i quali si stimano 700mila italiani,...read more
Clarifications on the applicable tax regime to this kind of compensation granted to managers and/or employees of companies and investment funds. Subject to specific conditions, carried interest is qualifiedas financial income and not as employment income. As a...read more
The Italian budget law for 2019 provides for a new attractive tax package to retired foreign individuals who receive pension income from foreign entities and decide to move their residence in south of Italy. According to the new legislation, said individuals will be...read more
Why the Italian New Tax Resident regime is one of the best available option for UHNWI looking for a jurisdiction where to move (tax) residence. By Luigi Belluzzo, TEP The new Italian rule On March 8, 2017, the Italian Tax Authorities issued Protocol No. 47060...read more
Alessandro Belluzzo, as Vice-President of the Italian Chamber of Commerce and Industry for the UK, underlines the importance of the report: 'Italian migration to the UK: curse or opportunity?'. An interesting paper particularly these days and in the light of Brexit,...read more
by Phil Stevens. The Chancellor delivered his Budget speech on 29th October 2018, the final one before the UK’s departure from the EU. The core elements of this Budget were to encourage investment and spending, and to promote the UK as an attractive destination for...read more
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NEWS & EVENTS
by Luigi Belluzzo. Ecofin adopts a revised blacklist for tax havens and upgrades the greylist on the basis of international cooperation results. Only the future will tell us the impact of this list on the countries’ tax environment. The new blacklist includes:...
Save the Date for the second edition of Family Business Festival – Brescia, 4, 5 and 6 April 2019, on the initiative of AIDAF, Corriere della Sera and Bocconi University. Belluzzo, which has always been close to the family business, again this year is among the...
Belluzzo International Partners is attending the Russian Wealth Advisors Forum in Zurich. Luigi Belluzzo is a keynote speaker talking about “The new Italian rules to favour HNWI immigration and estate planning multi-jurisdiction strategies” presenting the Investor...
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