International Tax Review | The new Italian White List – Tax opportunities for foreign investors
International Tax Review – October 2016
The Italian government updated the socalled “White List” on August 9 2016, to include a number of jurisdictions that were previously deemed to be uncooperative.
The White List enumerates the Countries that agree ton exchange financial information for tax purposes with Italy and now has 123 countries (the original version had around 70 jurisdictions).
The increasing trend of “cooperative countries” represents a significant step towards transparency in international tax matters, mostly considering the involvement of several former “tax havens” (e.g. Hong Kong, Channel Islands, Caymann Islands, British Virgin Islands, Seychelles, etc.).”
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by Stefano Serbini and Alessandro Gonzato
