The Italian Investment Manager Exemption: All That Glitters Is Not Gold

Journal
Frescurato, D.; Moretti, V.A.; Bortolameazzi, F.
Italy
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2023 (Volume 24), No. 1
FormatPDF
EUR
40
| USD
45
(VAT excl.)

At the end of 2022, Italy has implemented new safe harbour rules on permanent establishments for investment managers, which have close similarities with the UK Investment Manager Exemption rules. These provisions, although commendable, seem to require some fine tuning.