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But there has also been a growing appreciation among many Italians that the government is dead serious in countering what, depending on one's point of view, is considered either a birthright or one of the chief scourges of Italian society -- the failure to declare taxes.
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If companies have to declare tax payments by country, it will be much harder for corrupt officials to spirit the money away.
While the Double Irish is over, Irish companies that were incorporated before December 31st, 2014 can still declare tax residency in a tax haven until 2020.
NPR goes on to declare, "Tax analyst sources agree with the Treasury.
Just in case, he declared, taxes should be lowered because "if delayed until a downturn begins, tax cuts would come too late to prevent a recession".
The judge ruled that the pair sold the Dolce & Gabbana and D&G brands to the holding company Gado, based in Luxembourg, in 2004 to avoid declaring taxes on royalties of about 1 billion euros ($1.3 billion).
During a surveillance trip on the resort island of Santorini, Mr. Maitos said he and two colleagues observed a gas station owner insisting on cash-only transactions to avoid declaring taxes.
He found that GMG's declared tax rate 2003-2007 was 34.1%.
A court in Milan ruled that the pair had sold their world-famous brands to a Luxembourg-based holding company in 2004 to avoid declaring tax on royalties.
The newly re-elected president has declared tax reform to be a top economic goal for his second term, alongside the revamping of Social Security (the public pension system).
The possibility of not declaring tax should not be an issue with which to beat families and companies who use trusts mostly for prudential reasons.Also, you glossed over the reality that trustees can't hide money unaided.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com