{"id":89,"date":"2014-02-20T16:09:00","date_gmt":"2014-02-20T15:09:00","guid":{"rendered":"http:\/\/www.itosco.it\/wordpress\/?p=89"},"modified":"2014-09-11T12:47:53","modified_gmt":"2014-09-11T10:47:53","slug":"application-of-20-withholding-tax-suspended-because-outdated","status":"publish","type":"post","link":"https:\/\/www.itosco.it\/wordpress\/?p=89","title":{"rendered":"Application of 20% withholding tax suspended because&#8230;outdated(!)"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fposts%2F89&print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><\/a><a href=\"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fposts%2F89&print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><\/a><\/div><p>The Italian Treasury has released today a press note (<a href=\"http:\/\/www.tesoro.it\/ufficio-stampa\/comunicati\/2014\/comunicato_0046.html\">Comunicato Stampa N\u00b0 46 del 19 febbraio 2014<\/a>) whereby it declares the intent to\u00a0<span style=\"text-decoration: underline;\">suspend the application of the<\/span>\u00a0general withholding tax on foreign bank transfers to Italian individuals. The reason for such change of mind can be read in the note: the application of EU-USA IGA reporting standards has established an automatic multilateral information exchange flow among OECD Member States\u00a0(Common Reporting Standard), leading to a safer environment for tax fraud prevention.<\/p>\n<p>The Ministry further says that the measure, initially submitted to EU Commission scrutiny after its first proposal, made in 2012, (Case EU Pilot 171\/11\/Taxu) has now become&#8230; outdated.<\/p>\n<p>It is however curious how the measure has undergone a speedy obsolescence within 48 hours! That&#8217;s what we may call an instant tax&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Italian Treasury has released today a press note (Comunicato Stampa N\u00b0 46 del 19 febbraio 2014) whereby it declares the intent to\u00a0suspend the application of the\u00a0general withholding tax on foreign bank transfers to Italian individuals. The reason for such &hellip; <a href=\"https:\/\/www.itosco.it\/wordpress\/?p=89\">Continua a leggere<span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-89","post","type-post","status-publish","format-standard","hentry","category-tax"],"_links":{"self":[{"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/89","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89"}],"version-history":[{"count":3,"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/89\/revisions"}],"predecessor-version":[{"id":92,"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/89\/revisions\/92"}],"wp:attachment":[{"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itosco.it\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}