THE FIRM
Foglia & Partners was born from the will to create a boutique of excellence to advise clients in all the main areas of national and international tax law.
Thanks to the expertise, experience and strong client-focused approach of the associates, the firm is recognized as a reference point in corporate reorganizations, taxation of corporations and of individuals, in real estate tax, taxation of financial instruments and of estates, transfer pricing and tax litigation.
In a phase of important changes in the tax environment, which is now facing new challenges - such as the increasing internationalization and the increase of the complexity of tax legislations - clients ask more and more for a specialized approach and an integrated advisory role, which can guide them both in the ordinary management and in extraordinary operations.
The firm Foglia
& Partners consists of a team in steady growth composed by fifteen professionals with high professional and human standing, with great experience in relevant operations and great enthusiasm and commitment to work together and guide clients through the most complex strategic and management decisions.
Foglia & Partners has been ranked in Chambers Europe 2019 for its expertise in a variety of Italian and international tax matters, including M&A, transfer pricing and capital markets-related transactions, and as it offers additional capacity to handle contentious tax matters. Giuliano Foglia has been ranked in Chambers Europe Band 2.
When interviewed by Chambers, Foglia & Partners’ clients acknowledged that:
"They are extremely reliable and have the right approach with the tax authorities"
"The lawyers help us with a tailor-made solution every time", and
"Giuliano Foglia has a very deep knowledge of the Italian fiscal law and has a problem-solving approach"
THE TEAM
AREAS OF ACTIVITIES
Thanks to its specialization on tax related matters both at a domestic and international level, the law and tax firm Foglia & Partners provides consultancy on all the main areas of activities of national and international tax law, advising clients on complex and strategic management decisions.
The firm advises clients by providing consultancy on tax issues related to day-to-day business management... with a focus on advisory on the correct quantification of the tax burden for the enterprises, and the correct tax compliance. By means of a constant and on-going contact with the management, the firm professionals deal with all aspects of corporate taxation, from the issuance of opinions on specific tax matters to advisory on the determination of the tax burden and on the revision of the Income Tax Return. The constant attention to regulatory developments allows the firm to offer a professional and prompt update and to provide customers with the tools and the most appropriate solutions to best manage tax issues.
The law firm provides specialized consultancy on all tax issues arising from extraordinary corporate transactions... (mergers, divisions, corporate relocations, transfers of shares, venture capital and private equity, corporate restructuring). Over the last years, the firm’s professionals played advisory roles in the most important transactions in the market, both national and international, with respect to corporate reorganizations, M&A and private equity acquisition. In this field, the advisory activities include the due diligence analysis, the analysis on the tax consequences of the different available options, assistance in the negotiation phase with the counterparts and the implementation phase.
The firm has specific expertise in the tax regime of all the major corporate finance transactions... : issues, placements and financial instruments listing (shares, bonds, mini-bonds) in regulated markets, medium and long term funding, structured finance operations, securitizations, factoring. Moreover, the firm advises issuers and intermediaries which intervene in the financial instruments placement and in the preparation of prospectuses and of Offering Circulars.
The firm is highly specialized in Real Estate tax... and, in particular, in all tax issues related to transfers of real properties. The professional activity of the firm includes all phases of real estate transactions, from the structuring phase of purchase and transfer of properties and of building areas, to the negotiation phase with counterparts. The professionals of the firm have gained meaningful experience in the tax regime of real estate funds, with particular focus on issues arising in connection with the acquisition, the contribution and divestment of real properties by real estate funds.
The law firm provides advisory on the main aspects of individuals’ taxation... In this context, the assistance also covers tax issues related to ownership, management, protection and transfer of important estates. The firm has specific expertise on trust, insurance products and inheritance matters. Professionals working in this field are also able to provide specialized assistance in the context of the ‘voluntary disclosure’ procedure, assisting and advising clients in all stages of the regularization process.
The firm provides consultancy in respect of all the matters which pertain to direct and indirect taxation of cross-border transactions... In detail, the activity of the firm covers the tax regime of foreign sourced income earned by Italian resident persons and of Italian sourced income earned by non-Italian resident persons, the analysis of the tax ramifications and the planning of cross-border reorganizations of Italian and foreign multinational groups, the assistance in setting the correct transfer pricing of intra-group transactions and in arranging proper transfer pricing documentation. The firm advises its clients in the context of advance ruling procedures with regards to: transfer pricing matters; cross-border reorganizations; transfers or tax residency; requirements as to the existence of an Italian permanent establishment; quantification of income of Italian permanent establishments; tax treaty regime applicable to cross-border flows of dividends, interest and royalties.
The firm evaluates the advance ruling procedure as a primary tool to obtain certainty on a preventive basis and to avoid judicial litigations in front of tax courts... The firm encourages the request for advance rulings and assists its clients in all the new typologies of rulings introduced by the law in 2015. The firm assists its clients in the course of tax audits carried out by the Revenue Agency and by the Italian Tax Police and in particular it represents the clients in the administrative phase of opposition and of settlement with the Italian tax authorities. The professionals of the firm are also highly specialized in litigation in all levels of courts in front of both national and international jurisdictional authorities.