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Clifford Chance

Clifford Chance


Italy – New tax regime of carried interest

2 May 2017

The Italian Government has just introduced a new regime to regulate the taxation of carried interest and similar arrangements based on stocks or shares. The new regime should put an end to the controversy around the characterisation of benefits derived under such arrangements as income from personal services or income from investments (taxed at a more favourable rate). The new regime is contained in a decree that should be converted into law within 60 days

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