Italy

Switzerland : waiver lasts till 22 february 2015

The Italian Revenue Agency has specified that the effectiveness of the waiver stops at February 22, 2015, exactly one day before the signing of the agreement between Bern and Rome.

The waiver is a permission granted by the Italian current account to his Swiss bank to disclose its financial data to the administration of residence as part of the voluntary disclosure. The communication of information were intended to assign the right sanctions and failure doubling declaratory terms to taxpayers with accounts in collaborative spontaneously countries.

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Italy: new voluntary disclosure program on deck

Italy could reopen the voluntary disclosure, the resurfacing program to the funds held abroad illegally. The announcement was made by Economy Minister Pier Carlo Padoan, guest of the Italian talk show Porta a Porta.
The new window may, in fact, lead into national treasuries almost 4 billion (the first program ended at an altitude of 3.8). "We are studying the" mechanisms for a new return of capital, "said Padoan, who then added:" I’d settle for a fraction of the amount already recovered, I hope I can recover a bit less than 4 billion. "

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