Class CNBC Interview with Stefano Noro
Stefano Noro Interviewed on Class CNBC's "Legal Affairs" program. Discussed Generational Transition Issues and new controls related to capital abroad.
"We Wealth" interviews Stefano Noro
Interview with Stefano Noro in "We Wealth" magazine regarding new tax controls on the accounts of Italians in Switzerland.
The generational transfer of financial assets through the use of the ordinary partnership
The Covid pandemic has accelerated planning for the generational transfer of wealth. It has been realized that events can be sudden and unpredictable, and there is concern that the sinkhole of government debt Italy is issuing will mean that new income will soon be sought. In addition, it becomes important for private bankers to try to retain the new generation as early as today. For significant financial portfolios, the simple company is the ideal tool to make inheritance taxes more efficient today, ensuring that the parent retains the administration of the securities and the enjoyment of the fruits, all with very low management costs.
"The Rock in the Pond. Installment no. 34 of June 11, 2021
"The Rock in the Pond." Episode #34 on June 11, 2021. Maurizio De Paoli, director of Vco Azzurra Tv, interviews Stefano Noro in his capacity as president of the Verbano Cusio Ossola Association of Chartered Accountants.
What is Voluntary Disclosure - Return of Capital?
"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.
Family pacts, step for succession
The Family Covenant is a contract that allows for the generational transfer of the business while the entrepreneur is still alive by entering into a definitive agreement that cannot then be questioned when the estate opens. The contract must be made before a notary public, and all those who would have been legitimates had the succession opened at that time must participate.
