Authors: Piergiorgio Valente and Luigi Vinciguerra
The use of artificial structures or "constructions" and the exploitation of "disharmony" existing between national laws have the effect of exacerbating the loss of tax revenue. The fight against tax evasion and aggressive tax planning schemes requires joint coordinated interventions aimed at facilitating access to information on cash flows and traceability of payments. In order to achieve this, tax systems transparency, the elimination of banking secrecy, and administrative cooperation between States play a key role.
The implementation of the exchange of information, in all its forms (on request, automatic, spontaneous, etc.), represents the most effective response to practices that undermine tax bases and tax revenues.