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Italy: last minute changes to the taxation of interest
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On 29 December 2011, the Italian Government published Decree Law 216 containing, among others, some amendments to the new system of taxation of income from financial investments, which entered into force effective 1 January 2012. Decree Law 216 must be converted by Parliament into law, with possible amendments, within 60 days; if not converted, the decree would cease to produce any further effect. This briefing outlines the new relevant provisions.
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