Tax evasion, Italy asks Germany for the “Dubai list” to track down assets in the United Arab Emirates

MILANO – The hunt for assets hidden from the tax authorities also passes through the Arab Emirates, in particular from Dubai. A triangulation of information with Germany, who bought from an anonymous man a cd with the data of millions of foreigners with assets in the United Arab Emirates, brought theRevenue Agency – on the impulse of the Mef – to activate the procedures for the transfer of information from Berlin to Rome so that the Italian tax authorities can take possession of the list of Italian citizens of this new ‘Dubai list’, through which to cross ownership and income declared and assess any hypotheses of tax evasion.

The Federal Tax Office (BZSt), as reported by the media in Berlin in recent days, at the beginning of the year would have paid about 2 million euros for the CD containing secret data, which will now be passed to the Laender to proceed with the case-by-case checks and, at the same time, were made available to the other European countries concerned. The German Finance Minister, Olaf Scholz, had commented on this news saying that his administration is using “all means” to shed light on the tax situation of German citizens and that “thanks to the new data we are shedding light on the dark corners in which tax evaders have so far holed up”.

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Italy can become involved in this affair because a 2011 EU directive on administrative cooperation in the tax sector allows the transmission of data to all the tax authorities of the member countries that request it.

The new Emirati list recalls the most famous Falciani List, with the lists of taxpayers with assets in Switzerland, in the branch of the HSBC bank in Geneva: even in that case the Italian authorities had not directly acquired the data, which had first been obtained from France and then also used by Rome. The passage through the instruments of international cooperation makes these data, of anonymous origin, usable both in the administrative and judicial phase, as confirmed by the Court of Cassation in 2019 with a ruling on the Falciani list.

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“As Italy we must quickly acquire the data of the Italians who have transferred funds to other countries. In this sense I have activated with the Offices” said the Deputy Minister for the Economy Laura Castelli underlining that “there is a foreign dimension on which it is necessary to strengthen all the useful actions to stem the phenomenon of tax havens”. Castelli intervened after the interview with the director of the Revenue Agency, Ernesto Maria Ruffini, in which he emphasized the limits in the anti-evasion action dictated by the stakes in the use of data which would also be available to the administration.


Tax evasion Italy asks Germany Dubai list track assets United Arab Emirates

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