I Italian capitals abroad they amount to a total of approx two hundred billion euros. Il Sole 24Ore writes it today, which elaborated the estimate starting from a study carried out in 2011 by two researchers from the Bank of Italy. The data is fundamental, since the Stability law approved by the Government and now being examined by Parliament provides for a mechanism aimed at encouraging the return of capital to the home country.
It is not exactly a tax shield, since it does not provide for amnesties: taxpayers would lose their anonymity and would pay what has so far been stolen from the tax authorities.
The provision was outlined starting from some recommendations arrived from the OECD. The system provides for self-reporting by the taxpayer, who will have to pay taxes for all ascertainable periods, but with a fine reduced to half the current minimum and probably also with the exclusion of the criminal aspects of the offence.
