'well you know.
yet another tax amnesty the government (after those of 2001 and 2003, again under a government with the premier!) That puts in good standing with a paltry expense (5% of capital) evaders and organized crime.
below an explanation of the decision by the newspaper La Stampa.
why the government has launched a shield? derive what? two are the stated objectives of economy minister Giulio Tremonti: first, increasing tax revenues 3 or 4 (maybe) billion Euros. second, to include in the economic mainstream as high as possible a sum of money "fresh." if more optimistic, even 100 billion euro. even if the technical report Tremonti has indicated symbolically as revenue expected a single euro.
it is an amnesty? hard to deny it: by making the rate, the taxpayer is protected with the "shield" any administrative penalty, tax and social security. quite a savings, in the face of someone who has always done his duty tax.
what must be paid to the tax authorities to join? on financial assets is calculated by a regularized or repatriated standard income of 2% per annum for the previous five years. performance is then alleged taxed at 50%. In practice, the final cost of the operation thus corresponds to 5% of the assets protected by the shield.
other countries have their own version of the shield? certainly, but elsewhere there is no doubt that the amnesty is much saltier. just think that the United States the total cost of the riches that they "return" is equal to 49%, while in Britain is 44%. not to mention that in use immunity is not guaranteed if the income derives not permitted, while in Britain there is no anonymity.
as they went the other amnesty-shields? so and so. The first, in 2001, saw the return or regularization of almost 60 billion (56% of the Swiss), with a revenue of 1.5 billion euro. that of 2003, respectively 14.9 billion and only 600 million of revenue.
and this time it might go instead? difficult to predict, although there is no doubt that the 'close' in the Swiss banking system it will undoubtedly have some effect. according to the study Bernoni associated professionals in Milan, could be "shielded" from 60 to 90 billion euro, with revenues expected 3000000000 to 4.5000000000. 60% of capital transactions involve passing through Lombardy.
who can join the tax shelter? all taxpayers, including individuals and commercial businesses, not corporations. the important thing is to be tax resident in Italy at the time of application. There is no time now to join the September 15 until April 15, 2010. you should obtain financial intermediaries, which will open accounts at private banks, securities firms, asset management companies, trust companies, stockbrokers, postal and Italian branches of banks and foreign investment firms. Here we present the special "declaration confidential "and here you will pay the tax.
what treasures you can put in order? all financial assets and assets not declared brought or taken abroad by December 31, 2008: cash, property, shares, luxury goods such as yachts and aircraft. technically, for activities located in the European Union or Norway can be the so-called "regularization" (in this case physical activities do not come back in Italy) and the "repatriation" real. but if it comes to assets located in countries outside the EU (like Switzerland) is the necessary way of return.
shield offers safe from such crimes? many: both are cleared, the "misrepresentation" is the 'non-declaration ", and then disappear even administrative sanctions, tax and social security. and above all, the taxpayer is immune from investigation for years still subject to verification, up to a ceiling equivalent to the amounts regularized or repatriated.
is the guarantee of anonymity? if 'regularize' activities, the broker must disclose to the tax shield and the activities of their owner. in case of repatriation, however, the IRS will only receive aggregate information on reported assets, and not on individual subjects to which they refer.
those who can not adhere to the shield? nothing to do if we were already finding activity tax or contribution, such as access, inspection or verification, or if the IRS has already found that the taxpayer has violated the rules infidel tax or contribution-related activities abroad.
taken from THE STAMPA.IT by Roberto Giovannini 
