Bank dâ € ™ Italy led by Governor Mario Draghi bowl lâ € ™ introduction of new real estate companies such as those provided by the government under an amendment to the Budget Law 2007. There will be no additional tax benefit for investors than that provided by the current real estate funds, says a confidential report of the â € ™ by the National Institute for the World à ¨ detect.
à ¨ The document was written in the days preceding the legislative initiative € ™ s â € ™ executive who has given the green light to the establishment of so-called Siiq € ™ (acronym for real estate companies listed) with € ™ exemption of income tax corporation, in the wake of similar experiences in France and the United States that provide tax benefits as those wanted by the Ministry of â € ™ Economy and Finance, and specifically to the deputy minister Vincenzo Visco (DS).
Just on the instrument popular in the United States of REITs (Real estate investment trusts) discusses the relationship of Palazzo Koch. Lâ € ™ launch of Reits in Italy would not be justified, according to the study. He wrote the experts of the Central Bank:  "If the arguments in favor of â € ™ introduction of a new operator in the Italian financial markets with characteristics similar to the U.S. are based on Reits € ™ incentive that the tax would account for investment property, should be noted that in the Italian system, investors are subject to tax treatment is substantially similar to that of Reits if they choose the channel of investment and mutual funds real estate law italianoÂ. For small investors, in other words, no benefit. The conclusion of the technicians via Nazionale à ¨ clear: '€ ™ Lâ € ™ introduction into the Italian system of figures similar to Reits would not provide investors with greater tax benefits than the current € ™ trattamentoÂ. (Michael Arnes)
December 12, 2006
Tags: Dell, law, financial, investment, Italy
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