NEWS

31th March 2023

Giuliano Foglia and Marco Masi comment, in the latest issue of Corriere Tributario, the free movement of capital with regard to dividends paid to companies of non-EU States

In Corriere Tributario (No. 4/2023), Giuliano Foglia and Marco Masi analyse, on the basis of the decisions of the Italian Supreme Court of Cassation issued in July 2022, the most relevant cases where the Italian provisions amount to an unjustified restriction to the free movement of capital, focusing in particular on the case of dividends paid to companies resident in non-EU States.

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15th March 2023

Foglia & partners with Enel in the Mutual Agreement Procedure between Italy and Spain

Foglia & Partners, with a team headed by Giuliano Foglia and including Matteo Carfagnini and Marialuisa Inchingolo, successfully assisted Enel Group, a leading group in the energy industry, in a Mutual Agreement Procedure aimed at eliminating the double taxation arising from transfer pricing adjustments on certain intercompany transactions between the Italian company and its Spanish subsidiaries.

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1st March 2023

Francesco Capogrossi comments, in the latest issue of Corriere Tributario, the VAT regime of services rendered by merchant banks and financial advisors in M&A transactions

In Corriere Tributario (no. 3/2023), Francesco Capogrossi comments on the recent official clarifications published by Italian Tax Authorities regarding the VAT regime of services rendered by merchant banks and financial advisors in M&A transactions.

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10th February 2023

Foglia & Partners among the "Top 200 Wealth Advisors" of 2023 according to the We Wealth guide

Foglia & Partners is among the "Top 200 Advisor del Wealth " of 2023, the guide published by We Wealth on the best Wealth Management professionals in Italy.

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2nd February 2023

Giuliano Foglia, founding partners of the firm, has been appointed in the "International Taxation" Commission set up at the National Council of the Chartered Accountants and Accounting Experts

Giuliano Foglia, founding partner of the Firm, has been recently appointed as a member of the "International Taxation" Commission set up at the National Council of the Chartered Accountants and Accounting Experts.

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18th October 2022

Foglia & Partners with Alfasigma S.p.A. with regard to the tax aspects related to the acquisition of SOFAR S.p.A.

Foglia & Partners advised Alfasigma, with a team coordinated by Matteo Carfagnini and composed by Francesco Capogrossi, Emanuele Gentile and Carolina Castelli, on all tax aspects related to the investment in SOFAR S.p.A., an Italian pharmaceutical company with more than fifty years of operating history in the research, production and marketing of drugs, medical devices and dietary supplements.

Alfasigma, through the signing of the agreement, acquires the entire share capital of SOFAR, enriching its product portfolio especially in the gastroenterological area, where SOFAR holds brands such as Enterolactis, Pentacol and Gerdoff. Alfasigma is one of Italy's leading pharmaceutical companies, focusing on prescription specialties, self-medication products and nutraceuticals. Established in 2015 from the merger of Alfa Wassermann and Sigma-Tau groups, Alfasigma is now present with subsidiaries and distributors in about 90 countries worldwide.

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6th October 2022

Maddalena Cecci, in the latest issue of Trusts and Fiduciary Activities, comments on recent Supreme Court decision regarding the configurability of the crime of fraudulent misappropriation through the establishment of a trust

On Trusts e attività fiduciarie (no. 5/2022), Maddalena Cecci comments the recent decision no. 16540/2022 of the Italian Supreme Court, underlining that the challenge of the crime of fraudulent subtraction from tax collection could not be grounded on the sole fact that on the mere assumption that the establishment of a trust could easily allow the taxpayer to subtract its assets from taxation.

On the other hand, it is considered necessary to verify the existence of all features of the crime in comment.

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4th August 2022

Foglia & Partners with Trilantic Europe with regard to the tax aspects related to the acquisition of Passione Unghie

Foglia & Partners advised Trilantic Europe, with a team coordinated by Giuliano Foglia and composed of Matteo Carfagnini and Emanuele Gentile, on the tax aspects related to the investment in Passione Unghie-, Europe's leading e-commerce company for nail products.

Trilantic Europe becomes the majority shareholder of the Vicenza-based company founded in 2011 by Christiana Asekun and Fabio Covioli, which represents the first Italian nailcare brand active exclusively through e-commerce, through the acquisition of the respective stakes held by the founders and by Orienta Capital Partners, which will retain a minority stake.Trilantic Europe is an independent private equity investor specializing in mid-market transactions throughout Europe, managed by a team of about thirty experienced investment and operations professionals, which has invested more than 2.4 billion euros in twenty-six companies since 2004 and currently manages about 2.3 billion euros in assets from a broad investor base.

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1st August 2022

Foglia & Partners with Armònia SGR with regard to the tax aspects related to the acquisition of Quick S.p.A.

Foglia & Partners advised Armònia SGR, with a team coordinated by Giuliano Foglia and composed by Matteo Carfagnini, Mariangela La Pastina and Michele Malizia, on the tax aspects related to the investment by Armònia SGR and Fondo Italiano in Quick S.p.A., an international leader in the production and marketing of nautical accessories that it designs, manufactures and engineers in the company's factories in Italy.

Armònia is an independent SGR that manages the closed-end alternative private equity fund called "Armònia Italy Fund," reserved for qualified and professional investors. The private equity fund mainly invests in typical "Made in Italy" sectors such as mechanics, food, luxury and pharma.

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28th June 2022

Foglia & Partners with Green Arrow Capital with regard to the tax aspects related to the financing of 𝗙𝗼𝗻𝗱𝗼's entire photovoltaic portfolio Radian Clean Energy SICAV-FIS

Foglia & Partners assisted Green Arrow Capital, with a team composed by Matteo Carfagnini, Mariangela La Pastina, Francesco Capogrossi, Carolina Castelli and Emanuele Gentile, for the tax aspects related to the financing of Fondo's entire photovoltaic portfolio Radiant Clean Energy SICAV-FIS, which includes 38 plants located in Puglia, Campania, Marche and Piedmont.

Green Arrow Capital, founded in 2012 by Eugenio de Blasio, the group's key shareholder, together with co-founders Daniele Camponeschi and Alessandro Di Michele, is one of Italy's leading independent operators in the alternative investment scene, with assets under management of about €2 billion, which also includes Luisa Todini (president of GAC SGR), Stefano Russo and Francesco Maria Giovannini among its partners.

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17th June 2022

Foglia & Partners with Armònia SGR with regard to the tax aspects related to the acquisition of Riva and Mariani Group S.p.A.

Foglia & Partners assisted Armònia SGR with a team composed by Giuliano Foglia, Matteo Carfagnini, Francesco Capogrossi and Carolina Castelli, for the tax aspects related to the investment, made on behalf of the private equity fund Armònia Italy Fund, for the acquisition of an 85% shareholding in Riva and Mariani Group S.p.A, one of Italy's leading companies active in the design, construction, maintenance and decommissioning of industrial plants, with a high specialization in the services of thermoacoustic and cryogenic insulation, industrial painting, and remediation with particular reference to asbestos.

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10th June 2022

Matteo Carfagnini and Marco Poziello comment in the latest issue of Corriere Tributario on some relevant aspects of the "New" Patent Box

In the latest issue of Corriere Tributario (No. 6/2022), Matteo Carfagnini and Marco Poziello analyse - with regard to the "New" Patent Box, under Article 6 of Law Decree No. 146/2021 and subsequent Implementing Provision of the Italian Revenue Agency No. 48243/2022 - the figure of the "investor" and the related concept of "control over risk", as outlined in the OECD transfer pricing guidelines.

In the article is also remarked the possible eligibility, for the purposes of the measure, of intra-group “recharges” of costs incurred towards “third parties”.

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27th May 2022

Giuliano Foglia, founding partner of the firm, Comments on Eutekne on how to recover taxes paid for revocation of revaluation of business assets

On Eutekne Info issued today, in respect of the forthcoming Provision of the Italian Revenue Agency concerning the “revocation” of the revaluation of business assets, Giuliano Foglia comments on the possible ways to recover the taxes paid, highlighting the need for procedures granting the taxpayers an effective restoring of the ex-ante situation.

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28th April 2022

Foglia & Partners with Trilantic Europe with regard to the tax aspects related to the acquisition of Cicli Esperia S.p.A.

Foglia & Partners, with a team coordinated by Giuliano Foglia and composed by Matteo Carfagnini and Emanuele Gentile, advised Trilantic Europe, a private equity focused on mid-market transactions in Europe, on the tax aspects of the portfolio company Alete Bikes' investment in Cicli Esperia Spa.

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21th March 2022

Legal Community Tax Awards 2022 - Giuliano Foglia is "Consultant of the Year"

Our founder Giuliano Foglia was awarded "Consultant of the Year" at the Legal Community Tax Awards 2022 organized by Legalcommunity.

This achievement is the result of the collective efforts of the entire team that makes up our firm, partners Matteo Carfagnini and Duccio Casciani and all the professionals who work every day with commitment, expertise and passion.

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21th March 2022

Legal Community Tax Awards 2022 - Giuliano Foglia is "Consultant of the Year"

Our founder Giuliano Foglia was awarded "Consultant of the Year" at the Legal Community Tax Awards 2022 organized by Legalcommunity.

This achievement is the result of the collective efforts of the entire team that makes up our firm, partners Matteo Carfagnini and Duccio Casciani and all the professionals who work every day with commitment, expertise and passion.

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17th March 2022

Foglia & Partners in the Chambers Europe 2022 Ranking.

Foglia & Partners is pleased to announce its inclusion in the prestigious Chambers Europe 2022 Ranking.
Since 1990, Chambers has published the world's leading law firm directories, with a strong reputation for independence and objectivity.

Foglia & Partners was ranked Chambers Europe 2022 in the Tax sector for its recognized expertise in Italian and international tax law, including M&A, transfer pricing and capital markets transactions. Giuliano Foglia is ranked in Chambers Europe's Band 2.

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31th December 2021

Giuliano Foglia, the founding partner of the firm, commented on We Wealth on the interpretative changes proposed by the Italian Tax Authority in the draft Circular on Trusts

Following the publication for consultation of the draft Circular on trusts, with which the Internal Revenue Service has incorporated the consolidated jurisprudential orientation regarding the application of inheritance and gift taxes at the time of the actual asset attribution to the beneficiary, Giuliano Foglia, founding partner of the firm, commented in We Wealth on the new interpretative changes proposed by the Tax Administration, their possible impact on future scenarios of use of the instrument and the elements of doubt yet to be resolved.

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31th December 2021

Giuliano Foglia, the founding partner of the firm, commented on We Wealth on the interpretative changes proposed by the Italian Tax Authority in the draft Circular on Trusts

Following the publication for consultation of the draft Circular on trusts, with which the Internal Revenue Service has incorporated the consolidated jurisprudential orientation regarding the application of inheritance and

gift taxes at the time of the actual asset attribution to the beneficiary, Giuliano Foglia, founding partner of the firm, commented in We Wealth on the new interpretative changes proposed by the Tax Administration, their possible impact on future scenarios of use of the instrument and the elements of doubt yet to be resolved.

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29th November 2021

Matteo Carfagnini and Francesco Capogrossi comment, in the latest issue of Corriere Tributario, the Supreme Court's Order No. 26512/2021.

In the latest issue of Corriere Tributario (No. 12/2021), Matteo Carfagnini and Francesco Capogrossi analyse Order No. 26512/2021 of the Court of Cassation, in which the Supreme Court held that tips paid directly by customers to employees are relevant for income tax purposes.

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2023.01.20
COMMENTS: Comments on “Pillar One – Amount A: Draft Multilateral Convention Provisions on Digital Services Taxes and other Relevant Similar Measures”
2022.08.19
COMMENTS: Comments on “Progress Report on Amount A of Pillar One”
2022.04.11
COMMENTS: Comments on the GloBE Implementation Framework and related topics to be addressed
2021.05.27
COMMENTS: Comments on proposed changes to Commentaries in the OECD Model Tax Convention on Article 9 and on related articles
2021.05.12
TAX ALERT: The Amazon (State aid) Case: Luxembourg and Amazon vs. European Commission (T-816/17 and T-318/18)
2021.01.15
COMMENTS: Comments on the draft circular providing clarifications on cross-border mechanisms subject to the reporting obligation under Legislative Decree no. 100/2020
2020.12.31
NEWSLETTER: Main tax provision of the 2021 Budget Law
2020.12.14
COMMENTS: Comments on the Reports on Pillar One and Pillar Two Blueprints
2020.12.01
NEWSLETTER: Main tax provision of the Decreto Ristori quarter
2020.11.24
TAX ALERT: "Penalty protection" and transfer pricing: increased documentary burdens with an eye on rulings related to intercompany transactions
2020.11.21
TAX ALERT: the Decree of the Ministry of Economy and Finance of 17 November 2020 on DAC 6 has been published
2020.11.15
TAX ALERT: Amendment to the applicable tax regime for income received from foreign UCIs
2020.11.10
NEWSLETTER: Principali misure fiscali contenute nel Decreto Ristori bis
29.10.2020
NEWSLETTER: Main tax provision of the Decreto Ristori
29.10.2020
TAX ALERT: La circolare dell'Agenzia delle Entrate n. 28/2020 ed i chiarimenti in merito al Regime di Autoliquidazione Patent Box
2020.08.18
NEWSLETTER: Main tax provisions of the Decreto Agosto
2020.07.23
TAX ALERT: Approved by the Council of Ministers the final version of the legislative decree implementing Council Directive (EU) 2018/822 (so called DAC 6)
2020.07.21
WORKING PAPER: European Court of Justice judgement case no. C-311/18, Data Protection Commissioner v. Facebook Ireland Limited e Maximillian Schrems (“Schrems II”). Any tax implication?
2020.07.16
TAX ALERT: The Apple (State Aid) Case: Ireland and Apple vs. European Commission (T-778/16 and T-892/16)
2020.06.11
WORKING PAPER: Implementation in Italy of the EU Directive 1852/2017 (L. Decree No. 49/2020): our first considerations
2019.12.02
Comments on the OECD Global Anti-Base Erosion (GloBE) Proposal under Pillar Two
2019.11.12
Comments on OECD Secretariat Proposal for A "Unified Approach" Under Pillar One
2018.10.12
Il Sole 24ORE "Tax step-up of the goodwill: explanatory note is enough"
2018.09.01
Patrimoni "Better to tax the speculation not the art collecting"
2018.07.24
LegalCommunity.it "Foglia & Partners with Gamenet Group in the acquisition of Goldbet"
2018.06.09
Il Sole 24ORE "Maugeri refinances its debt"
2018.01.19
La Repubblica Affari&Finanza “New practice and Competition Authority clarifies the matter”
2017.11.30
Global Legal Chronicle “Green Network acquires Tradeinv Gas & Energy and Energrid from HII Sarl”
2017.11.27
Italia Oggi Sette “Generational passage: the challenge supported by law firms”
2017.10.01
Legal “The new goals of Tax departments”
2017.06.26
EticaNews “Three law firms for the first pro bono project TrustLaw Italy”
2017.03.20
Legalcommunity “The winners of 2017 Legalcommunity Tax Awards. Category ‘Best Practice Financial Tax’: Foglia & Partners”
2017.03.11
Pagina 99 “How to avoid tax through European tax paradises”
2017.03.01
Legal “Italy bets on information exchange”
2017.02.14
LegalCommunity “Foglia & Partners with Fuksas wins on Shenzhen Airport”
2017.02.01
Legal “The challenge of brand building. Tax firms in evolution”
2016.12.05
Italia Oggi Sette “Tax DL: tax consultants approve the reform with some doubts”
2016.12.01
Legal “Patent box, pros and cons of the law”
2016.11.19
Italia Oggi “In Brief. Baxter”
2016.11.18
Legalcommunity “Baxter with Foglia & Partners wins on its transfer pricing case in Milan”
2016.11.18
Legalcommunity “Pioneer, these are the lawyers of the consortium headed by Poste”
2016.11.18
Il Sole 24 Ore “Pioneer, Poste negotiates with the advisors”
2016.09.26
MAG by Legalcommunity “The finger and the apple”
2016.09.26
CorrierEconomia “LeFonti Awards: Banks, enterprises, insurers, law firms: who wins in 2016”
2016.08.22
Italia Oggi Sette “For law firms the challenge is to protect the clients’ wealth”
2016.08.01
Diritto24 Il Sole 24 Ore “Update of ACEA EMTN program with White & Case, Foglia & Partners, and Clifford Chance”
2016.06.27
La Repubblica Affari&Finanza, “The thorns of voluntary disclosure: lawyers at work on tax implications”
2016.06.17
TopLegal “Merlata Mall goes to the Saudis from Fawaz. Foglia & Partners tax advisor”
2016.06.17
LegalCommunity “Buying and selling of Merlata Mall. Foglia & Partners tax advisor”
2016.06.15
Il Sole 24 Ore “Grandi Stazioni, green light from FS”
2016.06.09
MF “Grandi Stazioni, Borletti wins”
2016.06.09
Global Legal Chronicles “The Antin fund and the entrepreneur Borletti win retail assets of Grandi Stazioni”
2016.06.08
MF “These are the reasons why it would not be a bad idea to replicate voluntary disclosure”
2016.06.08
Il Sole 24 Ore “Grandi Stazioni, retail transfer at punch line”
2016.06.08
Finanza&Diritto “Grandi Stazioni: Foglia & Partners advisor for fiscal profiles”
2016.04.15
LegalCommunity “Lawyers and design: these are the most interesting offices”
2016.04.11
Italia Oggi Sette “Foglia & Partners advisor of the new group Banijay”
2016.04.08
MF “Lbo ok, but not abroad”
2016.04.04
MAG by Legalcommunity “LegalCommunity Tax Awards 2016”
2016.04.01
MF “Lbo revolution, green light from Entrate”
2016.03.24
Invice “Foglia & Partners awarded the Emerging law firm of the year award”
2016.03.22
LegalCommunity “LegalCommunity Taw Awards: here are the winners”
2016.02.29
GlobalLegalChronicle “The merger between Banijay and Zodiak Media is complete”

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