While hunting evaders continues to claim victims, only the Guardia di Finanza in five months has found 3,500 completely unknown to the IRS, the Inland Revenue strengthens the paraphernalia of battle. From Monday, June 24, in fact, banks and finance companies will begin to transmit to the identity and movements of all financial relations with taxpayers Italian banks and brokers. The new database will be fully operational in late October and promises to be, at least in the expectations of administration and governance, a powerful tool. So much so that some consider it as the end of banking secrecy in Italy.
Already, tax inspectors have access to bank accounts. But only in some specific cases and with many limitations and cautions. Access to the data bank serves, in practice, only to confirm the suspicions of tax inspectors, because it is only possible if you first started a formal investigation. From October will be different because it will be just from the data analysis of current accounts and their movements that will trigger the tax assessment. Although access to the accounts shall be effected with a thousand precautions, and the data must not be allowed to be used indiscriminately.
By analyzing the flow of information that will begin arriving Friday, the Inland Revenue will in fact from these and prepare "specific selective lists of taxpayers at greater risk of evasion," on which then make the appropriate checks. You can not use the database to go and look around, checking the position of a single citizen regardless of the finding, but you can draw from those numbers of indices of risk or anomaly and define specific categories of taxpayers to be checked thoroughly with all other tools that the IRS has.
The data that banks and financial institutions shall report to the Revenue relate to outstanding amounts and movements recorded in 2011 on all banking relationships and financial transactions with clients: current accounts, deposit accounts, savings deposits, wealth management, funds common, derivatives, guarantees, pension funds, credit cards, purchase or sale of gold and precious stones and even safety deposit boxes (for which will also be shown the number of accesses recorded during the year). For each report, and each year, operators must transmit the identifier, the consistency in the initial and final, the sum of all the movements in the year to give and get. By 31 October must be communicated all the data of 2011, by the end of March next year banks will send those of 2012 and by October 2014, the database is fully implemented, with the acquisition of those quests 'year.
The only uncertainty concerns the accounts' shield-bearers "for which the Inland Revenue should send out a circular specifies: the laws facilitated the return of capital in Italy, however, provide for anonymity, and accounts for these banks could be limited to indicate its existence. The whole process of preparing and sending data from the brokers, and the management of the Revenue will take place with the guarantee of maximum protection of privacy, as he claimed the Guarantor, by imposing strict conditions to give his opinion in favor of creation of the new database.
Lenders and brokers will have to entrust the preparation and transmission of banking data to officials specifically responsible for the processing of personal data. The information to be transmitted to the Inland Revenue will be compressed into a "file" encrypted and will travel on a dedicated online channel between the banks and the tax authorities. Channel will be a "completely separate from all other systems of exchange," and it will work on an automatic "without staff intervention," said the Director of Revenue, Attilio Befera yesterday in Rimini, while in Rome the Guard Finance spread the results of the first five months of operation: 3,504 total evaders discovered, seized 650 million euro to the Dodgers, six billion VAT tax base brought to light, and a bunch of controls over receipts: 166,000, of which 33 % irregular. Yet another confirmation of habits that, despite the deterrents do not change.
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