Finance, wealth, restructuring
and tax advisory

The interview

"Voluntary Disclosure" is for all intents and purposes a tax audit of capital held abroad that differs from normal assessments only because the trigger source does not come from the Internal Revenue Service but directly from the taxpayer. It is not an amnesty, because taxes and interest must be paid in full, and it is not a Scudo because there is no anonymity. The advantage for taxpayers is in the size of the penalties, which can be reduced to half of the minimum and then defined to the extent of one-third or one-sixth depending on the type of violation.