There’s even the number of accesses to a safe in the information that financial intermediaries must notify the tax authorities within the next 31 March. An electronic flow which will bring in the tax authority’s database over 500 million data on current accounts and financial transactions by Italian taxpayers: the average deposit account balance at the beginning and end of the year; from recharges on prepaid cards to securities purchases made in the last year.
Il Sole 24 Ore on Monday estimated the number of information that will be transmitted to the tax authorities starting from the table annexed to the decision of the Director of Revenue of 28 May 2015 (73782/2015), which indicates the number of data to be transmitted for each type of transaction financial. For example, for the more than 39 million current accounts, banks and Italian Post Office must indicate the five elements: the account balance at the end of 2014, the balance at the end of 2015, total credits made during the year on the account, the sum of the charges and the annual average deposit. In other cases, instead, the data are less numerous. So, for financial products issued by insurance companies – such as index-linked policies – will report the total amount of the policy increases and redemptions made during the year.
Estimating data is carried out by default, because it only considers the main financial reports, monitored in the Bank of Italy, ABI and Ania statistical publications. Not have been considered, among others, the fiduciary relationships (Law 1966/1939), derivative contracts and the purchase and sale of gold, which are also subject to disclosure. so, however, also, the information flow remains impressive. As impressive as some commentators have pointed out that the tax authorities are likely to end up in information overload, overloaded with information.
In fact, everything will depend on the quality of the data transmitted by the financial and administrative capacity to cross them and filter them to conduct a risk analysis be able to flush out the real evaders. Under the first aspect – the quality of the data – the procedures implemented by banks, Poste, brokers, asset management companies and other financial operators kept sending good collateral damage. Also because it is to aggregate all these subjects are already using in their own activities, such as the value of the securities at December 31, 2015 recorded in the account statement of the securities account.
Analysis of the data, however, is the aspect upon which the actual use of the Super-Registry as a contrast tool tax evasion, in the belief that the black sooner or later must pass for a “track” channel, because it is evident that the cash received and spent as such could not be identified, except indirectly. But use does not stop all’antievasione, since the data on the average annual stock takes to flush out those sull’Isee mind to achieve such reductions on nursery or nursery school canteens.
In addition to this last change, the law of 2015 Stability has deleted the reference to the selection list (contained in the original version of the provision introduced by Decree Save Italy in 2011) to establish that the information you get to the Super-registry are ‘used by’ Inland revenue for the analysis of the risk of escape. ” Somehow it comes to defining the identikit based on the parameters or anomalies to focus controls on who actually seems to be off course with the declared incomes. It is, therefore, of functional activity to trigger the true determination and right. An entirely different business from the financial investigations, however, are started with a procedure authorized by the Regional Directorate of Revenue or by the Regional Command of the Guardia di Finanza to support control once started. Among other things, according to the latest available data, the taxpayers subjected to audits by the bank Revenue were 11,644 in 2014: a lower value by more than 21% compared to the previous 12 months and even 39% in comparison with 2012.
Nevertheless there remain some problems to solve. The last in chronological order is reported by the Privacy Guarantor who asked to define the procedure for access to the database by the INPS.