Author: Benedetta Lupo
by Avv. Prof. Stefano Loconte e Dott. Emanuele Tozzi
Our Managing partner Stefano Loconte and our senior associate Emanuele Tozzi authored the article on International Tax review – Italy special focus, about the Italy’s taxation of foreign dividends.
The article explains the key amendments to Italy’s taxation of dividends paid by foreign companies, which have come to the fore following the implementation of the EU’s Anti-Tax Avoidance Directive.
It also illustrates the interpretation of double tax treaties according to a recent judgment of the Cassation Court.
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We are pleased to announce the launch of our Art Advisory service completing our Wealth Management offer and aiming to assists collectors and professionals in the business in the acquisition, management, protection and planning of the value of artistic or collectible assets, as well as in the development of activities and philanthropic initiatives in the cultural sector .
Despite the complex historical moment we look forward with new projects, confidence and enthusiasm.
You will find us in the next days in several magazines and platforms for finance and art, but you can directly learn more by contacting us at: artadvisory@studioloconte.it
By Art Advisor Elisa Carollo
Tefaf Maastricht: Despite yesterday earlier closure after one of the exhibitors was found positive to Coronavirus, you can still discover some of the best treasures our advisor Elisa Carollo spotted around Tefaf Maastricht 2029 and selected for the article on Art She Says during the preview days!
Here the Link of the article.
TEFAF MAASTRICHT is one of the major fair in thee world for top quality antiquities, decorative arts, jewelry . Our Art Advisory team attended the VIP preview.
Our team can assist you in managing and planning your collection across categories, with the support of an international network in the art world.
You can can find out more about selected treasures we spotted around by following our Instagram page : @loconteandpartners
By Stefano Loconte
Read the contribution of our Founder and Managing Partner Stefano Loconte, published in Islamic Finance news Volume 17 Issue 9 – 4th March 2020, about a draft law aiming to facilitate Islamic Investments in our country.
“One of the most important steps that Italy has taken to open the doors to Islamic finance is represented by the draft law set out in 2017, the purpose of which is to regulate the tax treatment of some Islamic financial contracts, namely Murabahah, Ijarah and Istisnah. The bill was drawn up by the VI Finance Committee of the Chamber of Deputies of the Italian parliament, chaired by Maurizio Bernardo. Moreover, the working group was supported by tax experts coordinated by our founder and managing partner Stefano Loconte. Tax Treatment is one of the biggest obstacles to the full implementation of Islamic financial contracts and instruments in countries in which conventional finance principles are applied (eg Italy)”
Our Founder and Managing Partner Stefano Loconte has been included in the talents club We Wealth, among the top 200 Wealth Managemen influencers. Find out more in his profile https://lnkd.in/df8FHn2
By ArtAdvisor Elisa Carollo on Artlaw.club
Our Art Advisor Elisa Carollo talks on the ArtLaw.club about the importance of due diligence, both on the buyer and dealers side, as shameful negligence can easily turn into criminal liability, and jail. Also in view of the recent ruling on the Toporovsky scandal and more strict AML regulations recently introduced, nobody in the art world can still blissfully unaware of the higher standards of due diligence required today to operate in the market. Read the article here or as a PDF below.
With the occasion of the 15th anniversary of the international magazine Islamic Finance News Stefano Loconte and Loconte & Partners were elected as representants for Italy. The contribution of the firm aims to show the significant impact of Islamic Finance and the related perspectives for the economic and social development of our country.
“There are more than 1.4 million Muslims in Italy – almost 3% of the Italian population – with savings for US$6 billion approximately. Thanks to its strategic geographical position, Italy represents an invaluable link between European and Islamic countries. This helps explain the reason why lots of Muslims are interested in investing and moving here.. Just a few examples: the Abu Dhabi-based fund AABAR owns 5.04% of Unicredit…Understanding Islamic culture is a chance to elaborate on new financial instruments, which can increase the number of exchanges and investment between Italy and Islamic countries, and an occasion to face new perspectives”
Our Art advisory team yesterday was in Geneve to attend the 4° edition of The RESPONSIBLE ART MARKET (“RAM”) organised by the Fondation pour le droit de l’Art.
Main themes: the authenticity of the artworks and the V European Directive against Money laundering. During the event they presented the “RAM’s Guidelines for Experts Authenticating Works of Fine Art” . You can find out more about these guidelines and read the full list at this link: https://lnkd.in/d3swmfZ
Then we had a tour around Art Geneve 2020, here few pictures from your Instagram channel. Don’t forget to follow us @loconteandpartners
LOCONTE&PARTNERS just created its new social media profile on Instagram. Follow our page to stay updated with the latest news! @loconteandpartners
by Stefano Loconte e Angela Cordasco
Prof. Stefano Loconte and Angela Cordasco contributed to the Private Clients chapter of the International Comparative Legal Guide to Private Client 2020. The chapter analyzes the Italian juridical framework on the private clients’ area. Topics include tax and legal aspects aimed at an efficient wealth planning for resident and non-resident HNWI.
By Loconte&Partners
Loconte&Partners is proud to have been chosen to represent Italy for the Private Client 3rd Edition Country Comparative Guide of Legal500. Our Firm contributed to the Hot Topic chapter, explaining the development of the use of trust in Italy. The choice made by Legal500 confirms the placement of our law firm as a leader in the assistance to the HNWI.
“The institute of trust is increasingly getting used in Italy in the recent years, despite some difficulties mostly related to the fact that, as commonly known, Italy does not have a proper regulation for trusts. Indeed, the institute of trust has been recognized in Italy through the ratification of the Hague Convention of July 1st 1985 (enforced with the Law n. 364/89 and came into force since January 1, 1992). The Convention pursued the aim of harmonizing the Private International law rules, related to trusts, in order to allow civil law countries to borrow the trust instrument from foreign jurisdictions whose legislation regulates the trust instrument properly. It is therefore possible to set up trusts in Italy, thought the lack of domestic civil law rules entails the need for the tool to be regulated by the law in force in one of the Countries in which it is specifically regulated by law. This circumstance, however, does not mean that the trust qualifies as a foreign subject, neither from a civil law point of view nor for tax purposes. A wide range of different uses of the trust instrument have been developed in Italy in spite of the harmonization with the Italian civil code jurisdiction. Family trusts are the first kind of trust used, above all trusts for disabled people and trusts set up for inheritance planning and for asset protection for family needs.”
Read the Full Article on Legal500 & In-House Lawyer Hot Topic | Private Client (3rd edition) released in January 2020