Tax Pills

Twitter, the Italian Revenue Agency’s account turns three
Three years ago, the 22nd January 2014, the Italian  Revenue Agency landed on Twitter. With more than 2.5 million views per year, 25,300 followers and 1,600 tweets released, the Revenue Agency's account captured the attention of an audience in constant search of news. On a global dimension, Twitter proved to be still one of the largest source of breaking news. On the day of the 2016 United States presidential election, according to Wikipedia, users sent 40 million tweets on this topic.
Day by day - From 2014 to 2017, monday to friday, the Agency has used a different approach to instantly reach thousands of taxpayers. Our account on this online news and social networking service has dealt with a wide range of tax issues, press releases, meetings, also through the testing of a live Q&A session with taxpayers and the live coverage of national events, such as the conference “Noi contro la corruzione”, in L’Aquila. With this online news and social networking service, the Tax Administration achieved a  more direct and transparent relationship with taxpayers.
Stats - 2,633,535 views from January to December. Top peaks in April (338,052) and May (440,163), in correspondence with the prefilled tax return campaign. These are our main 2016 Twitter’s stats according to the number delivered in the Analytics Page.
Our audience  - According to Twitter Analytics pages Italian Revenue Agency’s followers grow steadily, with a monthly increase of more or less 450 units. Our tweets are concentrated mainly in three age groups: 25-34 year old (24%), 35-44 (35%), 45-54 (28%).
Cooperative compliance: candy giant Ferrero Spa paves the way for adhering to the new collaborative fiscal program launched by the Italian Revenue Agency
Last week, the world leading chocolate and confectionery producer, Ferrero Spa, has become the first company to enter the recently established “cooperative compliance” program. The final purpose of the Agency, which coordinates and oversees the project, is to provide certainty in complex tax operations in order to attract investments and reduce the tax risk to a minimum. Such goal is achieved through a collaborative new-styled approach between tax Administrations, Italy’s Revenue Agency in this case, and big businesses. During its first pilot-phase, the Italian cooperative compliance scheme will target only resident, or non-resident, companies whose total turnover exceeds a 10 billion euros size or those with total turnover equal to at least 1 billion which have applied for the pilot project launched by the Agency in 2013.
It’s important to point out, as thanks to the implementation of this innovative compliance-agreement scheme, the Italian tax system has made a clear step forward aligning itself with the prevalent international standards already adopted by several advanced and industrialized counterpart economies. Therefore, its adoption imply a concrete advancement on the road to improve the country appeal to attract international investments. Background
Background of cooperative compliance Italian model - On 25 June 2013, the Italian Revenue Agency announced the launch of a pilot project for a cooperative compliance program aimed at implementing a transparent and truthful relationship framework between tax authorities and Large Business Taxpayers (LBT).
LBT are generally identified as taxpayers with a turnover or operating revenues not less than €100 million. However the pilot project was soon opened to selected LBT meeting additional requirements as outlined below.
A fiscal evolution or from the cooperative compliance framework to practice – In practice, the Italian Cooperative Compliance Program (CCP) is deemed and thought to make the pre-existing Monitoring Activity Program for LBT1, already at work, compliant with the guidelines issued by the OECD in the Cooperative Compliance: in brief, a Framework – from Enhanced Relationships to Cooperative Compliance report.
Italy’s Revenue Agency and OECD team – Said this, the Italian CCP follows the Cooperative Compliance report issued by the OECD on the basis of the international business community experiences on similar programs. Therefore, the Italian cooperative compliance program highlights the importance of transparency and disclosure from both, tax administration and large business taxpayers, in order to reduce uncertainties over companies' tax positions.
A five pillars new collaborative compliance scheme – Particularly, the cooperative compliance detailed by OECD is based on the following general five key pillars:
Commercial awareness – Ensure a good understanding by tax administrations of the commercial drivers behind the transactions and activities undertaken by large corporate taxpayers to avoid uncertainties and costly disputes;
Impartiality – Ensure a high level consistency and objectivity approach by tax administrations in resolving tax issues;
Proportionality – Ensure an efficient allocation of resources to define priorities within the taxpayer selection process through an appropriate level of risks management;
Openness and responsiveness – Ensure “real time” communication (discussions, binding rulings, etc.) to create early certainty on tax issues;
Disclosure and transparency by taxpayers – Ensure that taxpayers comply with the spirit of law and regulations in interpreting rules.
The Italian cooperative compliance way, when quickness is collateral to reciprocal transparency - The Italian CCP should imply a commitment by LBT to a transparency behavior in exchange for openness and responsiveness by the Revenue Agency in solving significant issues in a timely and effective manner.
As reported by the Italian Revenue Agency, the underlying purpose of this new model of relationships is to implement an ex-ante rather than the traditional ex-post approach to tax controls, with related benefits in terms of taxpayers' compliance and of providing certainty and predictability in advance.
Following this approach, the CCP should enable taxpayers to reduce the compliance burden, obtain several advantages and benefit as much as possible from advance legal certainty on specific transactions.

FiscoOggi è una pubblicazione dell'Agenzia delle Entrate - Ufficio Comunicazione
Testata registrata al Tribunale di Roma il 19.9.2001 con n. 405/2001
Direttore responsabile Claudio Borgnino