News

Google to settle €305m Italian court case over tax claims

The Italian tax authorities have reached an agreement with Google which will see the tech giant pay €305 million in a deal to settle a number of tax disagreements, including claims relating to some €1B of income made in Italy but settled in Ireland between 2009 and 2013.


CDTA between Hong Kong and Italy comes into force

A Comprehensive Double Tax Agreement (CDTA) between Hong Kong and Italy was signed on January 14, 2013. This incorporates tax information exchange provisions based on the Organisation for Economic Cooperation and Development’s latest international standard.


Combatting tax evasion in Italy

The Guardia di Finanza (GdF), Italy’s financial police are checking around 59,000 people who have been transferring around €33bn from Italy to San Marino which is considered to be a tax haven.


Italy signs agreement to limit offshore tax evasion

Italy has made a crucial move in an attempt to reduce offshore tax evasion, under which countries considered to be tax havens may sign information exchange agreements and secure reduced penalties in disclosing taxes.