With the decree for the 2010-2013 economic and financial planning, the Government provides for the reintroduction of the tax shield in our country, placing it in the budget for the year 2010. For many of us citizens, however, this word 'tax shield' is somewhat unknown, not because of the inherent meaning of the term, but for the use or the mere application of this instrument in the life of an ordinary citizen of which know the application, at least for most.
In fact, this whole fiscal instrument to its vast scope, appears to be of limited use to the ordinary citizen unless he has assets illegally held abroad.
What do you aim this tax instrument?
The article of law that provides for the introduction of this rule, guarantees to those residing in Italy who have held funds, financial assets and property abroad 'illegally', the establishment of a special tax for regularization.
To put it in simple terms a kind of one-off amnesty.
will apply a rate of 5% on total revenues of assets that until December 31, 2008 were lying outside of Italy, a condition sine qua non is the return these and the actual adjustment according to this decree.
Then from 15 September 2009 to April 15, 2010 you can put the rule held abroad and far away in the dark state tax, which in recent weeks is beginning to acknowledge the signs of the crisis, with a reduction of revenue.
As stated by our Minister of Economy Tremonti the official purpose of this maneuver is blunt some nest egg to give breath to the state coffers flush him out some equity participation in the famous 'Tax havens' by companies or wealthy people 'upright'.
go therefore to see how it can provide the Government back from this much-publicized move, so what was included in the revenue receipts of the exchequer for the year 2010.
Unbelievable but true, the budget estimate for the tax shield is the entry of 1 Euro.
This is talk, and this reveals high capacity of the economic planning ministry, but the report show that these reasons justify this choice.
'With regard to assessments on revenue, no financial effects are attributed for now except to the extent symbolic 1 euro' only memory 'for the following reasons: the absolute unpredictability of the number of players that could join the initiative and consequently the share of financial assets and assets subject to repatriation and settlement; indeterminability the actual timing of any revenue from the year 2009 and year 2010 '.
For those who rely on the application of these rules for the return of their assets succeeded by the regularization of the payment of tax, will be guaranteed anonymity and also ruled out any investigation by the competent bodies on the assets of illicit origin though.
Thus the emergence of these cases can not be used as evidence in judicial proceedings or other administration, providing a shield from this front to the embezzler sorry.
I want to stress in addition to the above that the tax shield deployed by France, the United States and Great Britain was not provided for the maintenance of anonymity in order to bring out the perpetrators of fraud against the State.
Taking the sums, the feeling that emerges from this decree is that it should pass a rule that the sound generated by the illegal detention of capital abroad without the treasuries derive any significant economic benefits, making this measure so as slogans for the restoration of the country. Taken from the site
Agoravox Italy
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