Italy: The Recently Introduced FTT What's New and What are the Implications for FTT Taxpayers?
By BERNADETTE ACCILI, PATRIZIO BRACCIONI & DOMENICO GIOIA
From 1 March 2013 trade of stock, other equity instruments, and derivatives shall be subject to a new tax on the value of the transfer, according to the provision of Article 1 (para. 491 thru 500) of Law No. 228 of 24 December 2012 (hereinafter Law 228/2012), widely known as the Stability Law.