World Tax 2018 The comprehensive guide to the world's leading tax firms - www.itrworldtax.com - CARAVATI PAGANI
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www.itrworldtax.com World Tax 2018 The comprehensive guide to the world’s leading tax firms
Italy
Tax authorities
Agenzia Entrate
Cristoforo Colombo n. 426 C/D
00145 Rome
Tel: +3906 9666 8933
Email: cop.pescara@agenziaentrate.it
Website: www.agenziaentrate.gov.it
Website in English: www1.agenziaentrate.it/inglese/
LEADING FIRMS 4 Belluzzo & Partners
Bernoni Grant Thornton
1 BonelliErede Caravati Pagani
Maisto e Associati Cleary Gottlieb Steen & Hamilton
Gianni Origoni Grippo Cappelli & Partners
2 Allen & Overy
Hogan Lovells
Baker McKenzie
Legance – Avvocati Associati
Chiomenti
Loconte & Partners
Studio Tributario Associato Facchini Rossi & Soci
Studio Tributario e Societario Deloitte 5 CBA Studio Legale e Tributario
Tremonti Romagnoli Piccardi e Associati Fava & Partners
Valente Associati GEB Partners Jones Day
Paul Hastings
3 Clifford Chance
Studio Uckmar
CMS Adonnino Ascoli & Cavasola Scamoni
Di Tanno e Associati Firms to watch
DLA Piper Ludovici Piccone & Partners
Fantozzi & Associati, Taxand Italy
Freshfields Bruckhaus Deringer
Hager & Partners
Macchi de Cellere Gangemi In January 2017, Italy reduced the corporate income
McDermott Will & Emery tax from 27.5% to 24% as one of many measures
NCTM Studio Legale Associato put in place by the country to help to improve its
Pirola Pennuto Zei & Associati business environment.
Salvini Escalar e Associati The government has also made several amend-
Studio Associato (KPMG) ments to deadlines for settlements and submis-
Studio Legale Tributario sions, including the deadline for filing VAT returns,
TLS Associazione Professionale di Avvocati e Commercialisti (PwC) in an effort to enhance unpaid VAT collection.
WTS R&A Studio Tributario Associato Returns and invoice listings are now required on a
quarterly basis in addition to annual returns. The
cut-off date for filing the annual VAT return for the
fiscal year of 2016 was revised to February 28
2017 and for the following years amended to April
World Tax 2018 291Italy
30. For financial years before to 2016, the closing
Tax rates at a glance (As of July 2017)
date was 30 September.
However, reform on a grand scale is unlikely for the Corporate income tax 24%
remainder of 2017, as there continues to be a high Capital gains tax 24%
level of political uncertainty in Italy ahead of a gen- Branch tax rate 24%
eral election in May 2018.
“Whenever you have political campaigns it inter- Withholding tax
feres; investors and practitioners may just wait and Dividends 1.2/26%
stand back,” said Carlo Maria Paolella, a partner at Interest 12.5/26%
McDermott, Will & Emery. Royalties 22.5%
“We have seen a lot of stop and go, there are good
propositions and intentions to boost the economy, Net operating losses (years)
such as incentives. But there is not as much stability in Carryback 0
the environment as investors would like to see. Carryforward Unlimited
Nevertheless we still see high interest, as there are low
prices with fairly high prospective returns,” he added. Source: Deloitte
“We have a large and fragmented market,” said
Paolella. “Small and medium-sized family businesses assisted Google in May 2017. The team assisted
have more opportunities. We have seen growth in Google on a €306 million ($361 million) project,
the private equity area; leaders in this area are look- which involved its European business model and
ing for medium-sized deals, which they prefer to its impact on the Italian market. Simontacchi is also
large giant mergers.” a frequent and influential commentator for Italian
In order to attract business and innovation, Italy and international newspapers on tax and financial
updated its transfer pricing and patent box rules in developments.
a decree adopted into law on June 15 2017. Article Partner Andrea Manzitti represented chemicals
59 was passed earlier in April with key modifications company Solvay in November 2016 in court proceed-
concerning the concept of fair market value, double ings. The case concerned the refund of capital gains
taxation mitigation circumstances and intangibles tax paid on the gain realised on the sale of an Italian
listed in the patent box regime. The amendments subsidiary. The team convinced the court that the
were actioned immediately, in order to align the Italian law that allowed capital gains tax was con-
country with OECD guidelines. trary to EU values and upheld the refund request.
Silvestri and managing associate Francesco
Tier 1 Nardacchione advised Cassa Depositi e Prestiti in
BonelliErede’s tax practice in Italy is headed by part- June 2016. The project, valued between €4 billion
ner Andrea Silvestri, who leads a team of 37 other and €6 billion, concerned assistance on tax matters
professionals. Within the office there are six partners, in relation to the design of the closed-end alternative
26 associates and six trainees. investment fund Atlante, which acted as a buyer of
The team regularly advises clients on group tax- shares in Italian banks and non-performing loans
ation, tax planning, restructuring, cross-border reor- (NPL). Atlante is the first private investment vehicle
ganisation, litigation representation, M&A, double created to stabilise the financial market, and there-
tax treaties, transfer pricing, cost sharing agree- fore implied the analysis of several tax issues.
ments and VAT. Maisto e Associati’s tax team is led by senior
Managing partner Stefano Simontacchi and man- partner Guglielmo Maisto, who founded the firm in
aging associate Francesco Saverio Scandone 1991. Maisto is a professor of international and
292 www.ITRWorldTax.comItaly
comparative tax law and is a fomer member of the tors of IT, finance, oil and gas, pharmaceuticals and
EU Joint Transfer Pricing Forum. fast-moving consumer goods (FMCG).
The firm’s tax team comprises 11 partners and 34 Chiomenti’s tax practice in Italy is managed by
additional professionals who work in indirect and Massimo Antonini, who has headed the department
corporate tax, disputes and litigation. Two members since 2012. The team comprises five partners, one
joined the team in the past year. The firm is con- counsel and 27 other professionals.
stantly seeking to expand its remit by creating or Antonini is advising a healthcare company in a
strengthening sub-groups to deal with specific tax €600 million group reorganisation project, following
areas. Recently, the firm launched a unit on taxation the spin-off of one of its divisions. The transaction
of shipping. involved the restructuring of international sub-
In 2016, Gabriella Cappelleri joined the firm as sidiaries and the examination of transfer pricing, VAT
counsel. Cappelleri’s previous post was head of the and patent box regimes.
Italian tax agency’s advance pricing agreement (APA) The firm also has strong expertise in working with
office, thereby strengthening the firm’s transfer pric- financial services sector clients.
ing capacity. Marco di Siena advised a banking group on litiga-
The firm has also promoted the following practi- tion connected to tax assessments by the Italian
tioners to partner level: Paola Marzetta, Nicola Revenue Agency, in relation to VAT administration of
Saccardo (London office), Mauro Messi and servicing fees due (to the bank) in the context of the
Alessandro Bavila. performed securitisation transactions. The Italian
Revenue Service issued a tax ruling confirming the
Tier 2 bank behaved correctly and all tax assessments
Allen & Overy’s practice in Italy is co-managed by issued by the local offices were revoked.
Francesco Bonichi, a partner in the firm’s Rome Giuseppe Andrea Giannantonio is advising anoth-
office, and Francesco Guelfi, who is based in Milan. er bank in a €500 million indirect tax case. The team
The tax team comprises six professionals. assisted on a sale and lease back transaction of real
Guelfi and senior associate Elia Ferdinando Clarizia estate assets.
frequently advise high-profile financial services com- Studio Tributario Associato Facchini Rossi &
panies on litigation proceedings and regulatory com- Soci’s tax team comprises six partners. A key contact
pliance cases. is partner Francesco Facchini. Facchini has more
Bonichi and counsel Michele Milanese are assisting than 20 years of experience in the tax world.
Rete Ferroviaria Italiana (RFI), a subsidiary of Italian The team offers the services of corporate tax, tax-
state-owned railway operator Ferrovie dello Stato, in a ation of financial products and private equity funds,
counter appeal before the Supreme Court of Cassation, international taxation, tax litigation, management
related to litigation over local property taxes. and incentive plans and taxation of individuals.
Partner Massimo Gianconia is a key contact at Studio Tributario e Societario Deloitte’s tax depart-
Baker McKenzie, he has more than 30 years of ment is led by partner Carlo Maria Bindella. Bindella
experience in all areas of tax law. works with a team of 55 partners and 582 tax experts.
Clients can benefit from the following tax services The firm’s main tax focus is corporate tax, to which
customs, M&A, reorganisations, planning, policy, 217 members are allocated. The second biggest spe-
transfer pricing, VAT, indirect tax, wealth manage- cialism is compliance and accounting, where 193 pro-
ment, financial services, real estate tax, supply chain fessionals work. Within indirect tax, there are 70 dedi-
tax planning and dispute resolution. cated individuals. In tax disputes there is a team of 24.
The firm has offices in Milan and Rome serving The firm is gives advice to business in a variety of
local Italian and multinational clients from the sec- sectors such as aviation; shipping; oil and energy;
World Tax 2018 293Italy
manufacturing; global financial services; consumer Tier 3
goods; tourism, hospitality and leisure; real estate; Carlo Galli is the managing partner of Clifford
technology, media and telecommunications (TMT). Chance’s tax department. The practice consists of
Partner Ranieri Villa advised technology company two partners and four associates.
Reverberi Enetec on a $1.5 million project in October Galli, senior associate Sara Mancinelli, litigation
2016. The case involved R&D tax credits and EU partner Antonio Golino, litigation counsel Jean-Paule
grants, and required the assistance of a multidisci- Castagno and litigation associate Andrea Stigliano
plinary team of tax advisers and engineers. advised Credit Suisse in October 2016 over alleged
Partner Matteo Costigliolo, director Roberto Bottino tax evasion and money laundering connected to the
and director Davide Bleve assisted an Italian compa- sale of financial instruments to Italian residents hold-
ny from the metallurgical field at the end of 2016. ing undisclosed offshore assets by Credit Suisse and
The $48 million tax dispute arose due to officials Credit Suisse Life & Pensions. The team achieved a
challenging a commercial relationship between two settlement valued at €100 million, which covered
related companies. They stated the financial situa- taxes, outstanding interest and sanctions.
tion and the interest paid by the client to its foreign Galli, partner Filippo Emanuele, counsels Gioacchino
related company were financial interests and not Foti and Laura Scaglioni and partners in Frankfurt and
commercial interests. The team managed relevant New York advised joint lead managers from several
objections in a pre-court settlement. investment banks, including Citigroup, Morgan Stanley,
Tremonti Romagnoli Piccardi e Associati offers a Nomura and UBS, in April 2017. The banks were
full range of tax and transfer pricing advice to local advised in relation to UniCredit’s new US EMTN pro-
and multinational clients. Senior partner Giulio gramme, followed by the issue of the first two senior
Tremonti is a key contact at the firm and has been a bonds valued, together valued at $2 billion.
professor of law since 1974. CMS Adonnino Ascoli & Cavasola Scamoni’s prac-
The team assists clients with M&A, tax planning, tice consists of a team of multi-discipline lawyers
reorganisation and restructuring of major entities, and accountants. Partners Giuseppe Ascoli and
representation in disputes and litigation proceedings. Pietro Cavasola work in the office in Rome. The team
Piergiorgio Valente is the managing partner of offers advice in compliance, dispute resolution, due
Valente Associati GEB Partners. The tax department diligence, financial transactions, M&A and structuring.
comprises 10 partners and 39 other professionals Partner Ottavia Alfrano is a key contact at Di Tanno
offering services in indirect tax, corporate, disputes, e Associati’s office in Milan. The firm advises clients
compliance and accounting. in all areas of tax including business income and
In March 2017, Valente, Salvatore Mattia and preparing financial statements, indirect taxes, dis-
Federico Vincenti assisted client with a €250,000 tax putes, litigation support, transfer pricing, banking,
assessment conducted by Italian tax officials for a finance and corporate restructuring.
trademark license agreement between the Italian Partner Antonio Tomassini leads the tax depart-
parent company and its foreign subsidiaries. ment at DLA Piper in Italy. The branch comprises
Valente and Mattia advised a listed company in three partners and 21 other fee earners.
September 2016 on a €15 million tax assessment Within the past year, the department has wel-
on back-dated minority shareholder operation. The comed three new professionals to the team: partner
team persuaded the Italian Revenue Agency that Andrea Di Dio, who previously worked at Chiomenti;
the operation was not abusive. There is little previ- tax director Marica De Rosa, from Deloitte’s New York
ous guidance on this type of assessment, thus the office; and trainee Cecilia Bonazza, from Linklaters.
new methods used in this case are useful for Partner Christian Montinari, lawyer Giovanni Iaselli,
future cases. tax adviser Benedetta Lunghi and Bonazza advised
294 www.ITRWorldTax.comItaly
SEPR Italy, Saint Gobain Performance Plastics, in Macchi de Cellere Gangemi’s tax department is
November 2016. The firm gave tax-efficient advice on co-managed by senior partner Bruno Gangemi and
the 100% acquisition of share capital of Italian com- partner Stefano Petrecca. The practice comprises four
pany H-old, which designs, manufactures and dis- partners and nine other professionals, working with-
tributes adhesive tapes for use within the industrial in the areas of indirect tax, corporate, disputes, com-
and automotive sectors. pliance and accounting.
Alfredo Fossati is the managing partner at Fantozzi The team is known among domestic and multina-
& Associati, Taxand Italy. The firm has offices in tional groups for dealing with international tax plan-
Rome, Milan and Bologna. The tax department com- ning, litigation, transfer pricing, M&A, corporate reor-
prises 16 partners and 40 other professionals. The ganisations, restructuring transactions, private equity,
personnel offer indirect tax, corporate tax, disputes real estate funds and transactions, employee incen-
services, transfer pricing, cross-border transactions, tive plans and VAT.
compliance and accounting. Petrecca and tax lawyer Valerio Cirimbilla assisted
Fossati and partner Paolo Ruggiero advised Fosun Converse Italia in a €100 million corporate tax project
Group on a €350 million acquisition in March 2017. in September 2016. The case involved the succes-
The case involved the acquisition of commercial sion of the entire Converse Italian Business by
buildings and subsequent reorganisation through Converse Group NV (NIKE), including tax manage-
contribution into a real estate investment fund. ment and tax ruling by the Italian tax officials.
Partner Augusto Fantozzi and Fossati are assisting Gangemi and tax partner Francesco Capitta
Green Network and other companies in the energy advised Barclays Bank in a tax dispute in October
sector with a €300 million tax dispute. The case con- 2016. The tax litigation case in the UK entailed the
cerns large income and VAT assessments on various team assisting in relation to a €330 million transac-
companies in the energy trading business. tion between Barclays and UniCredit.
Freshfields Bruckhaus Deringer has offices in Milan McDermott Will & Emery comprises eight lawyers,
and Rome. The firm provides services in APA negotia- based in offices in Milan and Rome. Partner Carlo
tion with tax officials, tax and property law, compli- Maria Paolella manages the tax department in Rome,
ance, transfer pricing planning and dispute resolution. alongside partner Mario Martinelli. Andrea
Senior partner Heinz Peter Hager is the head of the Tempestini is the partner in charge of the Milan office.
tax department at Hager & Partners. The team com- Martinelli collaborated with the firm’s corporate
prise seven partners and 53 other professionals, and energy teams in assisting investment group
working in the areas of indirect tax, corporate, dis- Integrated Investments in a €127 million acquisition
putes, compliance and accounting. in July 2016. The team provided tax structuring
Hager, managing partner Guenther Schacher and advice the acquisition of a 75% stake in an Italian
tax partner Matteo Ragagni assisted Italian company holding company, which owns and operates a
Fri-el Green Power in January 2017. The client 34MW solar power facility. McDermott assisted on all
received tax assistance in the takeover of renewable matters in the transaction, including acquisition
energy company Alerion Clean Power. financing and structuring of a mezzanine facility,
Senior tax manager Barbara Scampuddu advised drafting and arbitration of corporate and fiscal docu-
Palais Kaiserkron in a tax dispute related to a reim- ments and transaction tax structuring.
bursement claim for the registration duty paid on Tempestini assisted Showroomprivé, a French fash-
rent of commercial buildings. The compensation ion retailer, in October 2016, with its €38 million
claim basis was on the grounds that the registration acquisition of Saldi Privati, an online private sales
duty was applied on rent, which was already sub- company and subsidiary of Banzai, an Italian e-com-
jected to VAT, and hence a duplication of VAT. merce service provider. The transaction resulted in
World Tax 2018 295Italy
establishing the client as the second largest compa- experts learned in this area. The team also has con-
ny in online private sales in Italy. This is beneficial for sultants within indirect tax, tax disputes, compliance
the client due to the scope of the fashion industry in and accounting.
this jurisdiction and the potential for expansion in Indirect tax partner Davide Morabito and tax man-
the European e-commerce market. ager Giorgio Dal Corso advised a multinational group
NCTM Studio Legale Associato has offices in Milan in January 2017. The tax dispute, valued at around $8
and Rome. Paolo Agnesi is a key contact and equity million, arose when tax authorities challenged an EU
partner based in Rome. company working with independent companies
The firm assists domestic and international clients worldwide on intra-EU acquisitions in Italy. The basis
in transfer pricing, VAT, dispute resolution, M&A, pri- of the allegation was that the client had omitted
vate equity, due diligence, tax investment planning declaring or accounting for Italian VAT.
for inbound and outbound investment, trust and KPMG’s international trade and customs team
estate planning, social security issues, distribution advised Bulgari Gioielli in January 2017. The team
chain, customs planning and tax optimisation of obtained full authorised economic operator AEO sta-
financial products. tus for the client, including customs and security. The
Pirola Pennuto Zei & Associati’s Italian offices are project accounted for customs authorities across
in Bologna, Brescia, Milan, Naples, Padua, Parma, many diverse regions.
Rome, Turin and Verona. The firm also is present in Partner Davide Bergami is a key contact at Studio
London, Beijing and Shanghai. The firm offers spe- Legale Tributario, EY’s tax practice in Italy. Bergami has
cialised tax assistance in the areas of transfer pricing, 25 years of experience as an international tax partner,
international ruling procedures, MAP, ruling request he joined EY in 1997. He leads a team of 50 full time
preparation, patent boxes, assistance with the prepa- professionals. He also coordinates EY’s Mediterranean
ration and implementation of financial management area, covering Italy, Spain and Portugal.
models, VAT, excise duty and customs duty. Another key contact at EY Donato Iacovone, the
Salvini Escalar e Associati was founded in 1967 managing partner of Italy, Spain and Portugal. He
by Franco Gallo. The firm comprises five partners, joined the firm in 2000 and steadily ascended the
including a professor of tax law, lawyers and certified ranks to his current role, to which he was promoted
accountants. Clients include large multinational cor- to in 2010.
porations operating locally and abroad. Primarily the The firm uses EY’s cross-border expertise to service
team works with clients from the sectors of banking, Italian and foreign multinational clients, in the areas
communications, cooperative, energy, financial mar- of indirect tax, corporate tax, disputes, compliance
kets and insurance. and accounting.
Specific areas of expertise include corporate tax, TLS Associazione Professionale di Avvocati e
including taxation of cooperatives and groups, tax Commercialisti (PwC) offers clients full tax and trans-
aspects of corporate restructuring, domestic and fer pricing services.
international tax planning, banking, finance and Services include assistance in structuring, in tax
insurance taxation, indirect taxation with particular implications, representation in litigation proceedings,
regard to VAT, excise duties and import taxes, local dispute resolution and multiple aspects of corporate
tax and tax crime law. tax service.
Richard Murphy is the managing partner of Studio Giovanni Rolle is the managing partner or WTS
Associato (KPMG)’s tax department, which has 28 R&A Studio Tributario Associato’s tax department in
offices in Italy. Tax professionals comprise 40 part- Italy. The practice comprises three partners and 13
ners and 293 other professionals. The practice spe- additional tax professionals.
cialises in predominantly in corporate tax, with 242 Accountant and auditor Paolo Dragone and consul-
296 www.ITRWorldTax.comItaly
tant Annachiara Tosadori assisted a US electronic Gianni Origoni Grippo Cappelli & Partners is present
equipment manufacturer in March 2017. The $191 in the cities of Bologna, Milan, Padua, Rome and Turin.
million project involved the submission of two tax rul- The firm also has offices abroad in Abu Dhabi, Brussels
ings for the survival of tax losses in case of a merger. and Hong Kong. Clients are local and global multina-
Dragone and consultant Marco Beghini advised a tional corporations who seek all types of tax services.
UK entertainment group in April 2017. The indirect tax Hogan Lovells is present in Rome and Milan.
case involved VAT treatment of an envisaged process Fulvia Astolfi is the managing partner of the tax
based on the issuance of a single purpose voucher. department, which she founded in 2000.
Astolfi has 25 years of experience and is acknowl-
Tier 4 edged for her proficiency in tax law, corporate law,
Belluzzo & Partners tax department is led by equi- M&A and asset finance.
ty partner Luigi Belluzzo. He deals with corporate, Legance – Avvocati Associati offers services in
tax and estate reorganisations, principally with M&A, joint ventures, property transactions, corporate
regard to extraordinary finance operations and fam- finance, acquisition, equity and debt capital, struc-
ily business issues. tured finance and derivatives. The firm assists with
The tax department consists of nine partners and project finance for energy, infrastructure and renew-
15 additional experts. Four professionals joined the able energy. The team also practices corporate reor-
department in the past year. Within the team, 10 spe- ganisation, insolvency procedures, debt restructurings,
cialise in compliance and accounting, eight in corpo- tax risk management, tax audits and representation
rate tax, four in tax disputes and two in indirect tax. in tax proceedings before, during and after litigation.
The team offers clients assistance in M&A transac- Stefano Loconte is the managing tax partner at
tions and tax structuring, dispute resolution and help Loconte & Partners. The office in Bari opened in
with the tax officials. 1996, then expanded to Milan, Rome and Padua.
Bernoni Grant Thornton was founded by managing The firm’s departments are divided into auditing and
partner Giuseppe Bernoni in 1961. Another key con- accounting, tax, advisory and corporate finance. The
tact is Stefano Salvadeo, head of growth and advisory tax team comprises three partners, one of counsel
services. He became co-managing partner in July 2017. and eight additional experts.
Tax services include corporate and business tax, Loconte, associates Emanuele Tozzi and Giuseppe
direct tax, indirect tax, global mobility services and Lo Presti and partner Antonio Matarrese advised
transfer pricing, supply chain manufacturing, repre- financial consultancy SCM Solution Capital
sentation in litigation proceedings, transfer pricing Management in January 2017. The project, valued at
and tax advice within transactions. €1 million, involved structuring the company’s stock
Caravati Pagani comprises a team of 50 experts plan. The team assisted in both legal and tax
including many chartered accounts. Partner Edoardo aspects including stock option and stock grant,
Caravati is a key contact and deals specifically with addressed to the employers, directors and associates
real estate transactions. holding strategic company roles.
Cleary Gottlieb Steen & Hamilton employs more Loconte, Tozzi, Lo Presti and associate Nicola
than 100 lawyers in its office in Milan and Rome. The Guaragnella assisted SCM Solution Capital
team practices in all areas of tax and are not depart- Management in July 2016 with a €2 million project
mentalised by specialty, but rather combine their dif- involving the client’s fiscal profile for an initial pub-
ferent areas of expertise to work as one unit. Many lic offering (IPO) on the Milan stock exchange. The
professionals have international experience in other team also provided the client with legal and finan-
offices abroad, assisting in international transactions cial advice on wealth management and planning
and dispute resolutions. matters of supply chain management.
World Tax 2018 297Italy
Tier 5 products, energy, fashion, financial services, health
Partner Francesco Assegnati is a key contact in the care, insurance, media, pharmaceuticals and
tax department at CBA Studio Legale e Tributario in telecommunications.
Rome. He joined the firm in 1997 and became a Bernadette Accili is partner and head of depart-
partner in 2009. ment at the Paul Hastings office in Milan. Accili
The experts are experienced in M&A, banking law, joined the firm in 2007. The firm offers full tax and
capital markets and real estate, and counsel clients on transfer pricing services to high-net-worth individuals
all tax aspects of Italian and foreign transactions such and multinationals. Clients are predominately from
as loans, IPOs and compulsory bids, conversions into the financial services industry.
securities and other structured finance transactions. Studio Uckmar is based in Genoa. Clients come
Boutique firm Fava & Partners specialises in cross- from the sectors of banking, companies and trusts,
border transactions and transfer pricing. The team energy and oil, fashion, finance and luxury.
also assists clients in international tax matters, advi- The firm offers clients services across all aspects of
sory services, M&A, due diligence, compliance, litiga- tax and transfer pricing, including APA negotiation,
tion, inspections, consultancy and accounting. justification of transfer pricing policies in front of
Partner Domenico Fava is a key contact and co- courts and tax officials, advice on documentation,
founded the firm. He worked for KPMG in the past inspection, application and structure design.
and assists private equity funds and international
groups in acquisitions and business restructuring Firms to watch
transactions and analysis of domestic and cross bor- Ludovici Piccone & Partners was founded by Paolo
der tax topics. Partner Stefano Fava co-founded the Ludovici and other partners in 2014. The practice
firm and is experienced in tax compliance, tax con- consists of 32 professionals working in Milan, Rome
sultancy, and tax due diligence, M&A transactions, and London. Ludovici previously worked for Maisto e
tax litigation and transfer price documentation. Associati, where he became a partner in 2000.
Jones Day has an office in Milan, which opened in His expertise includes domestic and international
2001 and comprises 40 professionals. corporate reorganisations, M&A and structured
The firm’s clients are active in sectors such as finance transactions, tax planning for high-net-worth
automotive, chemicals, construction, consumer individuals and trusts.
298 www.ITRWorldTax.comItaly
Partners: Edoardo Caravati, Piero Pagani,
Filippo Caravati
Email: reception@caravatipagani.it
ITALY Website: www.caravatipagani.it
Milan Via Bocchetto 6
tel. +39 02 36569657, Italy
Verona Stradone San Fermo 14
tel. +39 045 8005353, Italy
Lugano Via Pietro Peri 2 - 6900
tel. +41 912 520 780, Switzerland Firm Profile:
London 38 Craven Street Since 1948, Chiomenti is a leading Italian
tel. +44 (0)20 7004 2660, UK law firm characterised by an international
Singapore 133, Cecil Street, #11-02, outlook, with offices in Rome, Milan,
Keck Seng Tower London, Brussels, New York, Beijing,
tel. +65 6236 0930, Singapore Shanghai and Hong Kong.
With its 300-lawyer team spread across all
www.belluzzo.net practice areas, Chiomenti represents the
interests of the clients in the truly impor-
Contacts: tant issues and it is committed to a constant
Luigi Belluzzo Managing Partner, Milan evolution of its organisation and its compe-
luigi.belluzzo@belluzzo.net tencies in order to do so increasingly better.
The Firm’s tax department, comprising
Alessandro Belluzzo Partner, London both lawyers and accountants, is one of
alessandro.belluzzo@belluzzo.net the most reputed and experienced in Italy
and provides high profile tax advice both
to domestic and foreign clients. The tax
department works on an integrated basis
with teams in the M&A, finance, real
estate and other practices in the firm, and
also provides a growing “front end” ser-
Arona vice where the tax team takes the lead on
Piazza de Filippi 7 - 28041 Arona (NO) advisory and transactional matters. The
tax department also advises on transfer
Milan pricing and tax litigation matters.
Via Carducci 31 - 20123 Milano Chiomenti’s broad client base includes
public and private companies, State-
Gozzano owned entities and government depart-
Via Beltrami 47 - 28024 Gozzano (NO) ments, investment banks, private equity
firms and family businesses.
Tel: +39 0322 245 858
Tel: +39 02 8691 5076 Partners/Contacts
Massimo Antonini (Milan)
Email: massimo.antonini@chiomenti.net
World Tax 2018 299Italy
Paolo Giacometti (London, Milan) Beijing
Email: paolo.giacometti@chiomenti.net Unit B02, Floor 15, Tower B
Parkview Green Tower No. 9
Giuseppe Andrea Giannantonio (Milan) Chaoyang District
Email: giuseppeandrea.giannantonio@ Dong Da Qiao Road
chiomenti.net 100020 Beijing
Tel: +86 10 6563 3988
Raul-Angelo Papotti (Milan) Fax: +86 10 6563 3986
Email: raul.papotti@chiomenti.net
Shanghai
Marco Di Siena (Rome) Suite 2012, Shui On Plaza
Email: marco.disiena@chiomenti.net 333 Huai Hai Zhong Road
200021 Shanghai
Offices: Tel: +86 21 6171 8585
Rome Fax: +86 21 6171 8558
Via XXIV Maggio 43
00187 Rome Hong Kong
Tel: +39 06 466 221 Suite 603, Printing House
Fax: +39 06 466 226 00 6 Duddell Street
Central
Milan Hong Kong S.A.R.
Via Verdi 2 Tel: +852 3192 7070
20121 Milan Fax: +852 2810 0833
Tel: +39 02 721 571
Fax: +39 02 721 572 24 Website: www.chiomenti.net
London
125 Old Broad Street
EC2N 1AR London
Tel: +44 20 75 69 15 00
Fax: +44 20 75 69 15 01
Brussels Studio Tributario e
View Building, Rue de l’Industrie, 26-38 Societario
B-1040 Bruxelles
Tel: +32 2 7759 900 Country Tax Leader
Fax: +32 2 7759 927 Alessandro Lualdi
Tel: +39 010 5317811
New York Email: alualdi@sts.deloitte.it
One Rockefeller Plaza – Suite 2404
10020 New York, NY Business Tax
Tel: +1 212 660 6400 Stefano Mazzotti
Fax: +1 212 660 6401 Tel: +39 02 83324111
Email: smazzotti@sts.deloitte.it
300 www.ITRWorldTax.comItaly
International Tax Mergers & Acquisitions
Luca Bosco Francesco Saltarelli
Tel: +39 011 5542918 Tel: +39 02 83324167
Email: lubosco@sts.deloitte.i Email: fsaltarelli@sts.deloitte.it
Transfer Pricing Private Client Services
Aldo Castoldi Maddalena Costa
Tel: +39 02 83324036 Tel: +39 010 5317824
Email: acastoldi@sts.deloitte.it Email: madcosta@sts.deloitte.it
Global Investment and Innovation Visit our website: www.deloitte.com
Incentives (GI³)
Ranieri Villa Seats:
Tel: +39 010 5317817
Email: ravilla@sts.deloitte.it • Milano
Via Tortona, 25
Indirect Tax 20144 Milano
Antonio Piciocchi Tel. +39 02 83324111
Tel: +39 06 48990932
Email: apiciocchi@sts.deloitte.it • Bologna
Via A. Testoni, 3
Custom & Global Trade 40123 Bologna
Alessandra Di Salvo Tel. +39 051 65821
Tel: +39 06 48990983
Email: adisalvo@sts.deloitte.it • Firenze
Corso Italia, 17
Global Employer Services 50123 Firenze
Roberto Rocchi Tel. +39 055 2671011
Tel: +39 06 48990974
Email: rrocchi@sts.deloitte.it • Genova
Piazza della Vittoria, 15/34
Tax Controversy 16121 Genova
Matteo Costigliolo Tel. +39 010 5317811
Tel: +39 010 5317820
Email: mcostigliolo@sts.deloitte.it • Padova
Via N. Tommaseo, 78/C
TMC (IT Tax Tools) 35131 - Padova
Stefano Mazzotti Tel: 049 7927977
Tel: +39 02 83324115
Email: smazzotti@sts.deloitte.it • Roma
Via XX Settembre, 1
00187 Roma
Tel. +39 06 489901
World Tax 2018 301Italy
• Torino Law Leader
Galleria San Federico, 54 Stefania Radoccia
10121 Torino Tel: + 39 02 85 14 38 02
Tel. +39 011 55421 Email: stefania.radoccia@it.ey.com
• Napoli Business Tax Services
Via Riviera di Chiaia 180 Maria Antonietta Biscozzi
80122 Napoli Tel: +39 02 85 14 33 12
Tel: +39 081 2488200 Email: maria-
antonietta.biscozzi@it.ey.com
• Catania
Viale XX Settembre, 70 Global Compliance and Reporting
95129 Catania Fabio Laureri
Tel: +39 095 6147211 Tel: +39 06 6753 5417
Email: fabio.laureri@it.ey.com
• Hong Kong Desk
Olderigo Fantacci Indirect Tax
Email: ofantacci@deloitte.com Nicoletta Mazzitelli
Tel: +39 06 8556 7323
• New York Desk Email: nicoletta.mazzitelli@it.ey.com
Stefano Schiavello
Email: stschiavello@deloitte.com International Tax Services
Domenico Borzumato
Tel: +39 06 8556 7111
Email: domenico.borzumato@it.ey.com
Transaction Tax
Roberto Lazzarone
Tel: +39 02 8514 3325
Italy Email: roberto.lazzarone@it.ey.com
Studio Legale Tributario Operating Model Effectiveness and
Via Meravigli, 14 Transfer Pricing Services
20123 Milano Davide Bergami
Italy Tel: +39 02 8514 3409
Tel: +39 02 85141 Email: davide.bergami@it.ey.com
Country Tax Leader People Advisory Services
Marco Magenta Donato Ferri
Tel: +39 02 85 14 35 29 Tel: +39 06 6753 5522
Email: marco.magenta@it.ey.com Email: donato.ferri@it.ey.com
302 www.ITRWorldTax.comItaly
Hager & Partners
Milan offices Via Borgogna 2 20122 Milan (Italy)
Via Privata Maria Teresa, 11 – 20123 Tel: + 39 02-7780711
Milan Fax: + 39 02-778071233
Tel.: +39 02 7260591 Email: info@hager-partners.it
Fax: +39 02 72605950 Website: www.hager-partners.it
E-mail: studiomi@fantozzieassociati.it
Contact:
Rome offices Heinz Peter Hager (Managing Partner)
Via Sicilia, 66 – 00187 Rome Email: heinzpeter.hager@hager-partners.it
Tel.: +39 06 4200611 Dietmar Huber (Managing Partner)
Fax: +39 06 42011967 Email: dietmar.huber@hager-partners.it
E-mail: studiorm@fantozzieassociati.it
Firm profile:
Bologna offices Hager & Partners was founded in 1995
Via Farini, 2 – 40124 – Bologna and today has offices in Bolzano, Milan
Tel.: +39 051 27771 and Rome. The Firm is composed of
Fax: +39 051 277733 approximately 100 staff members, of
which 60 professionals and is member of
Contacts: NEXIA International network. The Firm
VAT & Indirect Tax/Transaction services offers consultancy in national and interna-
Alfredo Fossati tional tax and company law, corporate
E-mail: afossati@fantozzieassociati.it finance, M&A, accounting and auditing,
and is particularly oriented towards large
Real Estate/Litigation multinational groups, midcap companies
Guido Arie Petraroli and high net worth individuals. The Firm
E-mail: gpetraroli@fantozzieassociati.it has a remarkable international attitude:
half of the clients are Italian branches of
Transfer Pricing & Business foreign-based companies (also listed in
Restructuring the stock-exchange), and many of them
Stefano Bognandi are from Germany, Austria, Switzerland
E-mail: sbognandi@fantozzieassociati.it and Continental Europe in general, as
well as from the UK and USA. The Firm
Websites: has a five strong team dealing with tax lit-
www.fantozzieassociati.it igation and counts also on a fully-dedicat-
www.taxand.com ed transfer pricing & tax value chain
department.
World Tax 2018 303Italy
Stefano Cervo
(M&A and Transaction Services)
Email: scervo@kpmg.it
Gianni De Robertis
Studio Associato (Transfer Pricing)
Consulenza legale e tributaria Email: gianniderobertis@kpmg.it
Head office:
Via Vittor Pisani, 27 Antonio Deidda
20124 Milan Italy (Private Client Services)
Tel: +39 02 676441 Email: adeidda@kpmg.it
Fax: +39 02 67644758
Massimo Fabio
Rome office: (Trade and Customs)
Via Adelaide Ristori, 38 Email: mfabio@kpmg.it
00197 Rome Italy
Tel: +39 06 809631 Davide Morabito
Fax: +39 06 8077459 (VAT and Indirect Taxes)
Email: dmorabito@kpmg.it
Other offices:
Ancona, Bologna, Florence, Genoa, Giuseppe Moretti
Naples, Padua, Pescara, Perugia, Turin, (M&A and Transaction Services and
Verona. International Corporate Tax)
Email: giuseppemoretti@kpmg.it
Email: it-fmksa@kpmg.it
Website: www.kpmg.com/it Sabrina Pugliese
(Legal Services – M&A and
Contacts: Restructuring)
Email: sabrinapugliese@kpmg.it
Country Leader
Richard Murphy Stefania Quaglia
Tel: +39 02 676441 (Global Mobility Services)
Email: rmurphy1@kpmg.it Email: squaglia@kpmg.it
Alessandro Baldon Michele Rinaldi
(Insurance) (Banking and Finance)
Email: abaldon@kpmg.it Email: mrinaldi@kpmg.it
Domenico Busetto Gianluca Stancati
(International Corporate Tax) (Tax Disputes & Controversies)
Email: dbusetto@kpmg.it Email: gstancati@kpmg.it
304 www.ITRWorldTax.comItaly
London - 2, Throgmorton Avenue
EC2N 2DG
Tel: +44 020 7374 0299
Fax: +44 020 7374 0129
Maisto e Associati Email: london@maisto.it
Milano - Piazza F. Meda, 5
20121
Tel: +39 02 776931
Fax: +39 02 77693300
Email: milano@maisto.it
Partners: Guglielmo Maisto,
Riccardo Michelutti, Marco Cerrato,
Andrea Parolini, Roberto Gianelli,
Marco Valdonio, Aurelio Massimiano,
Paola Marzetta, Nicola Saccardo, Pirola Pennuto Zei & Associati
Mauro Messi, Alessandro Bavila
Firm profile:
Firm Profile: Pirola Pennuto Zei & Associati was estab-
Maisto e Associati is an independent bou- lished in the 1970s as a partnership by a
tique founded in 1991 specialised in group of specialists. The firm provides tax
Italian tax law. Its clientele is represented and legal services to medium and large-
mainly by large corporations and high net sized companies and multinational groups
worth families. The 40+ partners and and has continually sought to reinforce its
associates comprise either lawyers or multidisciplinary approach by creating
accountants with a legal background and specialized centres of excellence. The
each has substantial experience in their firm has eleven offices, nine in Italy
field. Consistently ranked as one of Italy’s (Milan, Rome, Turin, Padua, Bologna,
top tax firms by industry surveys, the firm Brescia, Naples, Verona, Parma), one in
advises large multinational corporation in London, one in Beijing and one in
industries such as banking, manufacturing, Shanghai, and is composed of 150 busi-
media and entertainment, pharmaceutical ness lawyers and 350 tax consultants.
and real estate. The firm works closely
with leading companies in the venture The firm focuses on selected areas of prac-
capital market, advises major IT and con- tice and guarantees to provide compe-
sulting companies and has a strong repu- tence and top quality services, thereby
tation in the fashion industry. increasing efficiency and combining the
trust relationship between the profession-
Other offices: al and the client with organizational skills,
Roma - Piazza D’Aracoeli, 1 in order to manage complex operations on
00186 the entire Italian territory and abroad.
Tel: +39 06 45441410
Fax: +39 06 45441411 Pirola Pennuto Zei & Associati advises
Email: roma@maisto.it many of Italy’s leading corporations and
World Tax 2018 305Italy
several major Italian banks, both domesti- Email: pier.luca.mazza@
cally and abroad. The representation of studiopirola.com
foreign clients both in Italy and interna-
tionally constitutes a significant part of the Insurance:
firm’s practice. Marcello Romano (Rome)
Email: marcello.romano@
The firm’s services cover tax and legal studiopirola.com
matters such as domestic and internation-
al tax compliance and planning, transfer Finance:
pricing, VAT, tax, legal and regulatory Francesco Mantegazza (Milan)
advisory services to companies in the Email:
banking and financial services sector, tax francesco.mantegazza@studiopirola.com
assistance for expatriates and individuals,
IT law and copyright, labour law, business Real Estate:
law, mergers & acquisitions, private equity, Flaviano Ciarla (Rome)
tax litigation, litigation, antitrust and Email: flaviano.ciarla@studiopirola.com
European law, media entertainment and
telecommunications, energy and environ- Offices:
mental law, real estate, privacy and infor- Milan
mation protection, as well as corporate Via Vittor Pisani, 20 20124
finance services. Tel: +(39) 02 669951
Fax: +(39) 02 6691800
Partners/Contacts Contact: Massimo Di Terlizzi
Mergers & Acquisition: Padua
Massimo Di Terlizzi (Milan) Corso Milano, 26 35139
Email: massimo.diterlizzi@ Tel: +(39) 049 8249411
studiopirola.com Fax: +(39) 049 8756077
Contact: Yuri Zugolaro
Corporate Tax:
Stefano Tronconi (Milan) Naples
Email: stefano.tronconi@ Riviera di Chiaia, 256 80121
studiopirola.com Tel: +(39) 081 0150601
Fax: +(39) 081 0150150
Transfer Pricing: Contact: Paolo Nagar
Guido Doneddu (Milan)
Email: guido.doneddu@studiopirola.com Rome
Viale Castro Pretorio, 122 00185
Expatriates Tax Consultant: Tel: +(39) 06 570281
Luca Valdameri (Milan) Fax: +(39) 06 570282600
Email: luca.valdameri@studiopirola.com Contact: Marcello Romano
VAT:
Pier Luca Mazza (Milan)
306 www.ITRWorldTax.comItaly
Bologna
Via delle Lame, 109 40122
Tel: +(39) 051 526711
Fax: +(39) 051 526790
Contact: Dario Santagà
R&A Studio Tributario Associato
Verona Milan – Turin – Verona
Via Belgio, 12 37135
Tel: +(39) 045 8092511 Main contacts (International Tax):
Fax: +(39) 045 8015627 Giovanni Rolle
Contact: Federico Grigoli giovanni.rolle@taxworks.it
Paolo Burlando
Turin paolo.burlando@taxworks.it
Via Bertola, 34 10122 Paolo Dragone
Tel: +(39) 011 5743611 paolo.dragone@taxworks.it
Fax: +(39) 011 5627062 Marina Lombardo
Contact: Ada A. Garzino Demo marina.lombardo@taxworks.it
Chiara Mejnardi
Brescia chiara.mejnardi@taxworks.it
Via Cefalonia, 70 25124 Valentina Stecca
Tel: +(39) 030 2219611 valentina.stecca@taxworks.it
Fax: +(39) 030 2427641
Contact: Federico Venturi Main areas of focus:
Cross-border taxation, Transfer Pricing,
Parma Mergers & Acquisitions, Corporate reor-
Viale Mentana, 27 43121 ganisations
Tel: +(39) 0521 271254
Fax: +(39) 0521 798187
Contact: Gianfranco Buschini
World Tax 2018 307Italy
• Tax Effective Supply Chain
Management (TESCM)
• Risk Management & Corporate
Governance
• International Commerce & Contracts
Head Office: • Regulated Markets & Financial
Viale Bianca Maria, 45 Instruments
20122 Milano • Industrial Relations & Labour
Tel: +39 02 7626131 • Industrial Property & Intellectual
Fax: +39 02 76001091 Property
Email: info@gebnetwork.it • Tax Check-up & Certifications
Website: www.gebpartners.it
Managing Partner: Piergiorgio Valente
Email: p.valente@gebnetwork.it
Key Contacts:
Piergiorgio Valente
Ivo Caraccioli
Alessandro Cotto
Gianpaolo Valente
Salvatore Mattia
Cristina Caraccioli
Filipa Correia
Valeria Squillario
Antonella della Rovere
Pietro Schipani
Angelo Ghirimoldi
Federico Vincenti
Alberto Bracalenti
Of Counsel:
Raffaele Rizzardi
Emanuela Fusa
Stella Raventos-Calvo
Steef Huibregtse
Areas of Practice
• International & EU Tax
• Corporate Tax
• Criminal Tax
• Litigation & Dispute Resolution
• Transfer Pricing
• Business Restructuring Operations
308 www.ITRWorldTax.comYou can also read
