● Noro and Associates Hall secures the annulment of a tax audit concerning a trust

Sala, Noro e Associati, with a team led by partnerStefano Noro, secured the annulment—through an administrative review—bythe DRE Piedmont and the Cuneo Revenue Agencyof a majortax assessmentregarding the alleged holding of funds in a Jersey trust by an Italian taxpayer who, although apparently listed as the “settlor” never held any claim against the trust, was not the beneficial owner of the funds held in the trust, never received any payments from that entity or from other parties, nor did she ever receive any financial statements regarding the trust’s management.