Italian Law Decree No. 34 of April 30, 2019 entered into force on May 1, 2019 and introduced new tax incentives for workers, entrepreneurs, researchers and professors who transfer their tax residence in Italy from 2020. The new provisions should attract individuals and new capital by providing appealing tax incentives, including a reduction of the taxable basis in the event of relocation to Italy. Italian law currently provides four different attractive tax regimes for new resident individuals: – Article 16...

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By Sylvia Dikmans, Rob Havenga, Paulus Merks & Alexander van der Voort Maarschalk | Houthoff On Budget Day (Prinsjesdag), traditionally the third Tuesday of September, the Dutch government proposes its Tax Plan (Belastingplan) for the coming year to parliament. The list of legislative proposals is extensive this year and is likely to have a significant impact on existing legislation. These proposals are partially due to recent developments in the EU. We have highlighted the main proposals below. Adjustments to the...

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By Mathieu Legendre A small fiction (or essay) that illustrates the French roots of legal English: Let’s talk about your client.  His organization recently became a victim of espionage. As usual, you give him good direction and advise him about the procedures he must follow. You will do your best, as you have never been accused of malpractice or negligence. The suspects broke into your client’s office. It was not a force majeure, so you can accuse them of vandalism. Your client...

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Tradewind today announced that Jose Roca has joined the team as Senior Vice President in the firm’s New York office. Jose will be responsible for expanding the company’s sales base and program offerings. Jose has over 20 years’ experience as a senior banking executive on the asset-based lending side along with experience providing working capital facilities for refinancing, restructurings, turnarounds and acquisitions. He joins Tradewind from People’s United Bank where he was SVP Business Development. Prior to joining People’s United...

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In the "Relief Procedures for Certain Former Citizens" and accompanying FAQs, the Internal Revenue Service (IRS) provides a simplified pathway for certain non-compliant U.S. citizens who expatriated after March 18, 2010, to become U.S. tax and reporting compliant. In short, under this new procedure, U.S. citizens who expatriated, were non-willful in their failure to file U.S. income or gift tax returns and associated international information returns, owed a limited amount of back taxes (not in excess of $25,000) and had...

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