ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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Italy<br />
2<br />
| 2014 <strong>tax</strong> <strong>policy</strong> <strong>outlook</strong><br />
2.1 K<strong>ey</strong> drivers of <strong>tax</strong> <strong>policy</strong> change<br />
• <br />
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• Reducing <strong>tax</strong>ation on labor costs<br />
• Increasing <strong>tax</strong> competitiveness by providing <strong>tax</strong> incentives<br />
<strong>for</strong> income deriving from certain value-added activities<br />
• Reducing some public costs (e.g., health, public<br />
administration, education)<br />
• Fighting against <strong>tax</strong> evasion and harmful <strong>tax</strong> planning<br />
2.2 Fiscal consolidation vs. stimulus<br />
• Headline CIT rate<br />
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• Interest deductibility<br />
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• Hybrid mismatches<br />
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• Treatment of losses<br />
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• Capital gains <strong>tax</strong><br />
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• <br />
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• Controlled <strong>for</strong>eign companies<br />
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• Thin capitalization<br />
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• Transfer pricing changes<br />
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• <br />
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• <br />
amortization<br />
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• Changes to <strong>tax</strong> en<strong>for</strong>cement approach<br />
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• Top marginal personal income <strong>tax</strong> (PIT) rate<br />
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• PIT base<br />
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The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong> | 109