Tax

New white list and taxation of financial revenue

Paolo Besio Paolo Besio

Ministerial Decree dated 9 August significantly extended the number of countries included in the so-called “white list”, i.e. a list of countries in which agreements allowing information exchange are in force. From a financial perspective, the inclusion in the white list has considerable consequences both on “incoming financial income”, i.e. paid by subjects residing in a white-list country, and on “outgoing financial income”, i.e. received by subjects residing in those countries, thus making it more profitable for them to invest in domestic financial activities.