The Treasury specifies that the interpretation to be given to the rule for the transition from one tax band to another is the one most favorable to taxpayers - Doubts on ambiguous swap contracts have also been clarified.
The eleven countries of the "enhanced cooperation" have not found an agreement on the tax on financial transactions: everything has been postponed to 2015, but the chances of an agreement are diminishing.
Irpef, Irap, Ires, VAT, regional surtaxes, Inps, Tobin tax, substitute tax on capital gains, model 770, social security contributions for employees, artisans, merchants, collaborators, domestic workers, rights of the Chambers of Commerce. The deadlines for all these fees fall between…
THE OPINION OF MICHELE CALZOLARI, president of Assosim - The government decree on financial income punishes savers and the financial industry: absurd to exclude government bonds from the tax rate increase without canceling the Tobin Tax and the too many heavy taxes that penalize…
This is how Gianluigi Gugliotta, general secretary of Assosim, the association of financial intermediaries, comments on the decision of the Renzi government to raise the tax rate on financial income from 20% to 26%.
Vieri Ceriani: "The revenue for the first ten months of 2013. The estimate for 2014 is 350-400 million" - But the annual budget foreseen by the Ministry of the Economy amounts to around 500 million - The CEO of Borsa Italiana: "The introduction…
It will not be possible to exceed 300 thousand euros - the Majority and the Government are working on a further specification: the aim is to suspend the payment of golden pensions and large annuities to those who receive a public office for which…
The CEO of Borsa Italiana rails against the tax on financial transactions that came into force on March XNUMX: "It should be removed, it penalizes investors, savers and businesses and drives away investments in Italy"
Seven months after the entry into force of the controversial "and demagogic" tax on financial transactions, the alarm was sounded by the British company, one of the world leaders in the issuance of ETPs: "We are the second country in the world for online trading, only behind the…
On Saturday, the news appeared on the website of the Department of Finance according to which the Treasury has opened a public consultation on amendments to the decree (to be sent by August 30) - The move by the department was, for operators…
The much-disputed tax on financial transactions approved yesterday by the European Parliament "has the wind against it", said Gunter Dunkel, head of Voeb, an association that brings together German banks.
The entry into force of the Tobin Tax has been delayed by six months. This was announced by the European Commission itself on its website which specifies how the tax on financial transactions could come into force from the middle of…
According to Giuseppe Attanà, president of Assiom Forex, "the extension should be considered as a wise moment of reflection to avoid decisions that aim to improve the overall situation and risk instead of worsening it".
The managing director of Borsa Italiana comments on the tax on financial transactions: "Italians, aware that there is a tax in their country, have no incentive to invest in Italy and go abroad".
Despite the tax on financial transactions, in the first four months of 2013 daily trading on shares in Piazza Affari increased compared to the average for the whole of 2012 - But Assosim warns: "The volumes of foreign institutional investors are decreasing".
Italy is ready to veto the European measure of taxation on financial transactions (for the adoption of which unanimity is required). This was stated by the permanent representative of Italy to the EU Ferdinando Nelli Feroci in a press conference
The controversial tax on financial transactions will also take effect in France, Germany, Spain, Austria, Belgium, Portugal, Greece, Slovenia, Estonia and Slovakia: it will be equal to 0,12% on the value of daily transactions (0,1% since 2014 ) - From July 2013 will apply…
The countdown for the tax on financial transactions and high-frequency exchanges has begun: after the signing of the implementing decree by Minister Grilli, the Tobin Tax will become operational starting from March XNUMXst - For…
Only 76 companies out of 295 listed on the Italian Stock Exchange are present in the list, published on the Treasury website (http://www.tesoro.it/), of the securities involved in the Tobin Tax - The operations in the crosshairs are those generated by computer algorithms which automatically determine the…
In addition to Italy, there are ten countries authorized by the finance ministers of the European Union to proceed with "enhanced cooperation" for the introduction of the tax on financial transactions - Grilli: "For Italy, one billion euros in revenue".
The electoral success of the conservative and nationalist Shinzo Abe opens the rally of the Tokyo Stock Exchange - In the USA glimmers of understanding are opening over the fiscal cliff - Apple suffers in Asia - Europe fears the effects of the Tobin…
With an amendment to the Stability law, the executive postpones the introduction of the tax on transactions in shares and equity financial instruments that take place on regulated markets to March 2013.
According to the technicians of Palazzo Madama, the risks of avoiding the new tax on financial transactions are too high, not to mention the "tax competition" that could come from other EU countries.
The meeting between the financial advisors of the IFMA and the technicians of the Ministry took place yesterday - The Tobin Tax should pass in the Senate next week - We are moving towards a tax on every transaction, including derivatives and non-markets…
FROM THE ADVISE ONLY BLOG - High-speed trading undermines stability and plunders small savers but also institutional investors by increasing systemic risks: it's time to regulate them with great determination - But who are the…
The House Finance Committee has given a negative opinion on the retroactivity of the cut in tax rebates introduced by the Executive in the stability bill - The Government should then limit the intervention on personal income tax to the first bracket, eliminating the reduction on the second…
The President of Consob in the Finance Committee in the Chamber: "It will remain possible for non-residents to carry out transactions on Italian shares abroad without being required to pay", for this reason "the risks of avoidance remain" - "Strong penalization of transactions in derivative instruments ".
Parliamentary hearing of the president of ASSONIME, LUIGI ABETE on the stability law - The need to change the Italian-style Tobin tax (both harmonizing its implementation times with the rest of Europe and lowering the rate) was at the center of the speech by Fir…
New worries about Spain after Moody's downgrade of 5 regions, Europe's green light for the Tobin Tax and the disappointing American quarterly results hit the Stock Exchanges: Piazza Affari loses 1,8% - 39 blue chips in the red: Pirelli is saved …
The Tobin Tax risks destroying the Italian Stock Exchange without achieving real effects of distributive justice - Even the former Consob commissioner Salvatore Bragantini complains today in the economics insert of the Corriere della Sera that adopting the new tax in random order creates…
The first to leave will be Germany, France, Italy, Portugal, Belgium, Slovenia, Austria, Greece, Estonia, Spain and Slovakia - The Commission will present the regulation proposal in mid-November and the bet is on an agreement by the end of the year.
This was anticipated by French Treasury Minister Pierre Moscovici after a conversation with his Italian counterpart Vittorio Grilli - Italy would be the ninth country to give the green light, after France, Germany, Portugal, Belgium, Slovenia, Austria, Greece, Estonia .
Paris cancels all the relief granted by Sarkozy and approves a budget plan of 36,9 billion euros - It is an "unprecedented" effort but one that affects the richest, both individually and on income…
As for Eurobonds, according to the CEO of Generali "they are certainly a positive hypothesis, if however they are an expression of greater integration and unity" - Denial of interest in the assets that the Aviva group has put up for sale: "We are not looking at anything ".
There is a clash between Cnel and the Government on the Economic and Financial Document: "The new revenue deriving from the recovery of tax evasion and from the new taxes must not be additional but must be allocated to the reduction of the levy on income", says the…
According to reports from German press agencies, Finance Minister Wolfgang Schaeuble would have definitively raised the white flag on the Tobin Tax, the tax on financial transactions - "Too much resistance at European level, we won't get it" - "We are looking for valid alternatives".
From the Finance commission of Palazzo Madama they are asking to tighten the rates for tax havens and to use the resources for the ESF and for community projects to support growth – Proposals to be sent to the next G20.
The Italian Premier today at Ecofin: "An agreement between all the member states would be preferable for us", but although "the question of a global understanding is pertinent, it cannot be a reason to paralyze our activity" - In the afternoon l 'meeting with…
The Treasury has placed 8,5 billion 3- and 12-month bonds - Good demand and declining yields: interest on annual BOTs drops from 2,2% in February to 1,405% - Milan queen of European lists - Today there…
Cameron's country seems to be reconsidering its line on the tax on financial transactions - Sources from Brussels: "The first discussion of the issue will be at Ecofin".
Today in Brussels the Eurozone finance ministers will approve the disbursement of another 94 billion euros in favor of Athens - Also on the agenda is the increase in resources for the Eurozone bailout funds (EFSF and ESM) and the dossier on…
The Montecitorio Finance commission requests the assignment of the bill signed by Bersani-Franceschini - A tax of 0,05% is foreseen on financial transfers.
Martin Schulz, number one of the European Parliament, is also on the same line as the president of the European Council.
The British premier, speaking at the World Economic Forum underway in Switzerland, thus reiterated his opposition to the tax on financial transactions, strongly supported by France and Germany.
Semeta's spokesman: "At the moment the States are discussing it", and the proposal must be addressed "at 27", therefore also with Great Britain.
The Chancellor at the end of the meeting with the Italian Premier: "The maneuver improves the country's economic prospects" - Germany will increase the capital of the ESM (state-saving fund) "provided that the others do it too" - Monti: "High yields no more…
The spokesman of the EU Commission Alejandro Ulzurrun: "We want a tax for all 27 member countries, we are working on it with the presidency of the European Council". However, Great Britain is against it
The chancellor pressing for the tax on financial transactions at European level - But after Cameron's no, the possibility of an agreement only among the member countries of the Eurozone is gaining ground - France will pave the way,…
Troubled intervention in the Senate, where the Premier reported on the EU council of last December 8 and 9 - Strong protests from the benches of the League and session suspended by Schifani.
AN ECONOMIST/AN IDEA - There is much talk of the Tobin tax and the Washington Consensus but the economist John Williamson dots the i and clarifies that the meaning that the two terms have assumed in the language of the media is profoundly different from…
Meetings with 17 and 27 countries respectively to discuss the various measures to be adopted in the European debt crisis are scheduled for Monday and Tuesday. On the agenda is the strengthening of the European Financial Stability Facility (EFSF), the recapitalization of…
