Today the entrepreneur, the trading company and the freelancer find themselves in situations of having to face the greediness of the State, which imposes an oppressive taxation system, putting the Italian productive system at a competitive disadvantage compared to the entrepreneurial forces of neighboring European countries.
International Lawyers Associates, in compliance with laws and regulations, intervenes thus allowing the client to make larger profit margins and access higher investment thresholds and/or personal income. In fact, the law firm has a department solely dedicated to “International Tax Planning”.
The ITP is a strategy used by companies to legitimately obtain the lowest possible taxation. It is obvious that tax planning is the right fiscal strategy in order to obtain a legitimate tax savings.
The firm implements the “legitimate tax planning”, i.e. the possibility of choosing between various alternative tax regimes, of the one, given the particular business of the client, best suited to the client’s needs. The gimmicks and “loopholes” selected by our professionals are formally legal, since they are not prohibited, and protect assets and the company. It is no mystery that in a basically free and capitalist system, the productive energies must necessarily move towards areas that enable higher profit margins, unraveling unnecessary bureaucratic snares and unjust taxation.
The strategy of each single client is developed by the fiscal experts of International Lawyers Associates, together with our lawyers who verify the legal aspects and with our accountants and/or bookkeepers who analyse the tax regulations. Let it be clear: the staff does not offer systems of tax evasion, but tax avoidance strategies. International tax planning is about the effects of international double taxation and, if necessary, whenever possible, identifies the country or countries from which to operate, taking into account the tax rules of the chosen country, the cost of labor, the present infrastructures, ect. That’s why there is no set pattern of tax planning valid for all cases. Each case must be analyzed independently according to the company’s activities.
It is very important to understand that there are many professionals who offer consulting services, but very few are able to provide clients with practical and not rhetorical solutions. International Lawyers Associates can make a difference, only because it chose to set up physical offices in several EU and non EU countries, thus ensuring a range of practical and valuable services that even the most prepared of consultants today is not able to provide. Our staff will accompany your company 365 days a year, and they do both in Italy and abroad, solving the company problems even when the businessperson is not physically present.
International tax planning can be simple or complex, it all depends on the company’s business volume and the type of activity it carries out.
The phases which make up planning are basically four:
1. Economical and fiscal data of the company is analyzed and information about the modus operandi of the company is acquired, checking the structure of the tax system in detail.
2. The complete fiscal engineering plan is studied, that consists of identifying all viable options and in the design of the new organizational structure, according to the possible variants and alternatives, according to the client’s needs.
3. The fiscal engineering project is evaluated, namely tax and legal advantages and disadvantages are decided, for a timely and appropriate risk assessment.
4. The fiscal engineering project is launched, i.e. the final choice made by the entrepreneur who, according to what is recommended by the professionals who work with us (fiscal engineers, lawyers, accountants, ect.) approves the feasibility of the project. This way a new and complete layout will be given to the entrepreneur.
International Lawyers Associates offers an analytical study of the case, meeting the customer at the head office or in the world wide regional offices. The study may also be delivered in writing, and if not put into effect constitutes legal and financial advice, governed by ethical rules governing a lawyer and tax expert.