Given affairs in the Capital, we assume that no tax legislation will be enacted the rest of this year and that the prospects for technical corrections for the numerous unartfully drafted provisions of the New Law are poor.
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Time is running out to become compliant with the Internal Revenue Service (“IRS”) for U.S. citizens (living in the U.S. or Italy) or, alternatively, Italian citizens living in the U.S. (with a “green card” or U.S. tax residency established under the alternative substantial presence test) that have not disclosed all their non-U.S. financial accounts (and related income, if applicable) in their U.S. tax return filings
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The haulers' and farmers' unrest in Sicily will last for five more days. In the meantime, Sicilians spend up to €3 a liter for gas.