KudoZ home » Italian to English » Finance (general)

esterovestizione

Advertisement

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
15:26 Nov 25, 2013
This question was closed without grading. Reason: Other

Italian to English translations [PRO]
Bus/Financial - Finance (general) / tax audit
Italian term or phrase: esterovestizione
contestazione di esterovestizione inizialmente mossa
nei confronti della ...
garrett higgins
Local time: 01:32
Advertisement


Summary of answers provided
4 +1Relocation abroad
Gad Kohenov
3 +1This might help...
Carla Catolino
4use of an offshore company (to evade taxes)
James (Jim) Davis
3Offshoring
Marina Stubinski


  

Answers


13 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
This might help...


Explanation:
http://www.proz.com/kudoz/italian_to_english/business_commer...

Carla Catolino
Italy
Local time: 02:32
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: This should be a reference entry, not a question, but thanks! The exact translation will depend on the full context, which we don't have.
3 mins

agree  anusca: società di comodo, prestanome
6 mins
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Relocation abroad


Explanation:
ESTEROVESTIZIONE - RELOCATION ABROAD
Setting up of a company in the countries with a more favourable tax regime compared to the Italian one, with the aim of imputing the income in the foreign country which would otherwise be taxed in Italy. Usually the income invested abroad consists of the capital gains resulting from the transfer of stocks.

http://www1.agenziaentrate.gov.it/inglese/glossary/index_glo...



Gad Kohenov
Israel
Local time: 03:32
Works in field
Native speaker of: Native in FrenchFrench, Native in HebrewHebrew
PRO pts in category: 234

Peer comments on this answer (and responses from the answerer)
agree  Angie Garbarino: yes this is what the agenzia delle entrate provides. Thank you, I was searching
949 days
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Offshoring


Explanation:
In mancanzanza di ulteriore contesto.
http://www.britannica.com/EBchecked/topic/1369561/offshoring

Marina Stubinski
United Kingdom
Local time: 01:32
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
Login to enter a peer comment (or grade)

8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
use of an offshore company (to evade taxes)


Explanation:
Set up a company in a tax haven where it pays less tax, when the real operations are in a different country where the taxes are much higher. Often a condition of the low taxes in the tax haven is that the company doesn't actually operate in that country, but is just registered there. Taxes are so high in Italy that people even set up companies in the UK to do this, and also in Ireland.

Explanation:
The description here is long:

4. Elementi, in generale, che possono caratterizzare la società esterovestita. Esemplificazioni
4.1 Profili introduttivi
L'esterovestizione, alla stregua dei fenomeni di evasione, nonché di elusione fiscale, viene attuata con modalità che possono variare da caso a caso, perfezionandosi e divenendo progressivamente sempre più complesse e sofisticate, per sfuggire alla rilevazione da parte degli organi di controllo.
Ciò nondimeno - assumendo che la finalità del fenomeno sia soltanto quella del risparmio fiscale (ma possono concorrere anche illecite motivazioni extrafiscali) - tenuto conto, in particolare:
- della tipologia di agevolazioni normalmente contemplate in altri ordinamenti (oltre alla minore pressione fiscale, l'esenzione di determinati cespiti reddituali, come indicato sub 3.);
- della logica e verosimile esigenza che:

* gli utili conseguiti all'estero rientrino in Italia sotto forma di dividendi, esentati, in capo al percipiente, nella misura massima prevista (95%, ove provenienti da un altro Paese U.E., ex articolo 96 bis del T.U.I.R.);
* il soggetto italiano cui è riconducibile quello esterovestito abbia la certezza del controllo gestionale dell'attività di quest'ultimo;


Reference: http://www.fiscooggi.it/reader/?MIval=cw_usr_view_articolo&a...

James (Jim) Davis
Italy
Local time: 01:18
(edit your time)
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1597



James (Jim) Davis
Seychelles
Local time: 04:32
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4482
Login to enter a peer comment (or grade)




Return to KudoZ list


KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.



See also:



Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search