1,720,972 research outputs found
Taxation of Implicit Royalties in Italy
No full textThe article discusses the possibility to unbundle a cross border business payment into two components: business income and implicit royalties. This would be as to make a possible withholding tax applicable to the case, as the tax office argue. The author considers that this re-qualification of the transaction for tax purposes is not compatible with OECD mainstream interpretation of the treaties
DAC6 e osmosi giuridica: le plurime interazioni della disciplina con preesistenti norme ed istituti dell’ordinamento interno ed europeo [DAC6 and legal osmosis: the multiple interactions of the discipline with pre- existing internal and European regulations and institutions]
No full textNel presente lavoro, l’Autore, dopo aver passato in rassegna gli elementi che caratterizzano, sotto un profilo formale e sostanziale gli obblighi sorti in capo agli intermediari, a seguito dell’adozione della DAC6, esamina in modo approfondito le interazioni che vi sono state tra il diritto europeo e il diritto interno, andando a cogliere non solo le reciproche influenze e le eventuali differenze (nella prospettiva del recepimento della Direttiva) ma anche le ipotesi di “osmosi giuridica” intesa quale diretta incidenza del diritto europeo rispetto al diritto nazionale dei singoli Stati membri.In the present work, after reviewing the elements that characterise, from a formal and substantive point of view, the obligations arising for intermediaries following the adoption of the DAC6, the author examines the interactions between European and domestic Law, not only in terms of reciprocal influences and possible differences (with a special view to the transposition of the Directive) but also in terms of "legal osmosis", i.e. the direct impact of European law on the national law of individual Member States
Rise and Decline of the Westphalian Principle in Taxation: The Web Tax Case
No full textThe article analyses the crucial impact that the digital economy is having on international taxation and argues that the traditional taxing rules are inadequate to address the way that multinational enterprises are conducting business on the Internet and how value is created on the Web. The cornerstone of this analysis consists of the observation that, while the power of the states to tax is intrinsically connected to territory (thus, to a physical element), the Internet economy is not as it takes places in a virtual space (a Terra Incognita) which is, in legal terms, still uncharted.This situation is challenging the intimate connection between the power to tax and the territory state Sovereignty can be exercised on, superiorem non recognoscens. This is the Westphalian Principle, as commonly understood in History, and it is the pillar states have been built on since the mid-seventeenth century, in Europe. This article eventually considers the most recent development to overtake this empasse, in particular, the digital tax proposal as suggested by the European Commission in 2018. In this respect, it concludes that, while the European strategy is positive in terms of policy, in a purely legal perspective, it might initiate possible retaliation from qualified international stakeholders (including States such as the US) that would see their potential taxable base eroded by foreign unilateral measures and without any previous agreement in this sense
La web tax e le sue radici costituzionali
No full textL'articolo analizza la sostenibilità dal punto di vista costituzionale di una ipotizzata "web tax" sostenendo come la territorialità dell'imposta sia un elemento essenziale al fine di vagliarne la conformità al principio di capacità contributiv
Proposte per l’introduzione di un regime CbI (Citizenship by Investment) in Italia
No full textIl presente contributo è finalizzato a prospettare e valutare l’introduzione di un meccanismo di Citizenship by Investment in Italia: vale a dire un percorso attraverso il quale possa essere possibile concedere cittadinanza italiana a soggetti stranieri ad elevata redditività (o patri- monializzazione) che si impegnino a una presenza economica qualificata sul territorio della penisola, a prescindere dalla loro effettiva presenza fisica. La proposta ha cura di esaminare le vulnerabilità di questa strategia già sottolineate da parte della Commissione europea nei confronti di regimi analoghi già in vigore in altri Paesi dell’Ue. Si suggeriscono altresì correttivi tali da rendere il progetto sostenibile e compatibile con il diritto eurounitario
Neutrality and proportionality in VAT: Making sense of an (apparent) conflict
No full textNeutrality and proportionality are two features of the European VAT that often come into play when judiciary is requested to rule on alleged frauds to the tax. According to the well settled case law of the European Court of Justice (ECJ) the right to deduct VAT can't be granted when such a fraudulent operation occurs. In the EN.SA. case, to the opposite, the Court rules that neutrality is to be preserved even when the operation invoiced did not actually take place, if very specific circumstances are met: namely, that no loss for the national budget occurred, that the company invoiced was not actually planning to erode its tax liability for VAT purposes and that the non-existent operation was simulated for other commercial purposes (not directly affecting the tax due). This conclusion is made possible making the principles of proportionality (and reasonableness) to prevail over a mechanical application of the tax that would otherwise prevent the right to deduct the tax charged
La fiscalità degli espatriati emiliano romagnoli. Linee guida per una tassazione inclusiva e sostenibile
No full textL’opera monografica raccoglie una serie di saggi dedicati alla tassazione degli espatriati emiliano romagnolo e alle strategie fiscali per un loro possibili rientro nel Paese
Conferimenti immobiliari transfrontalieri e imposta di registro
No full textIl contributo analizza l’applicazione dell’imposta di registro al conferimento transfrontaliero di immobili sulla base della più recente giurisprudenza della Commissione tributaria regionale dell’Emilia romagna, valutando come la disciplina pensata per la cd. “Esterovestizione societaria” nell’ambito delle imposte dirette sia stata piegata, in via pretorile, anche a forme di applicazione per il tributo di registro
Concepts of the European VAT System
No full textThe chapter addresses the VAT system in the European Union, with a specific emphasis on the cross border transactions and the principles applicable to the territoriality of the operations
The OECD Dispute Resolution System in Tax Controversies
No full textThe article analyses the latest international tax law developments in dispute resolution settlement protocols and the need for effective multilateral solutions to prevent international double taxation. While several treaties currently minimise the risks of international double taxation, more must be achieved to provide judicial remedies in cases where two states want to tax the same income simultaneously. The OECD has developed a dispute resolution system based on arbitration clauses to be introduced in conventions signed by the state and a brand-new MLI (multilateral instrument) that should be applicable on a broader scale. These remedies have proven unsatisfactory as the taxpayer is not entitled to play any role in these (arbitration) procedures and cannot stand personally in front of any panel. The authors argue that such a scenario is inconsistent with the rule of law and the due process clauses and should be amended. Creating a supranational court with the entitlement to adjudicate the power to tax would be the optimal solution, but this would collide with the position of several states and their distrust of the international judiciary in tax matters
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