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Tax debts: unlimited joint and several liability of the companies involved in the demerger

The Supreme Court of Cassation has ruled on the financial liability of the companies involved in demerger transactions, clarifying that in the case of both partial and full demergers, all participants are jointly and severally liable for the tax debts of the demerged company arising prior to the effectiveness of the transaction.

Attachments
4CLegal 07.22.2022179.14 KB
Bruno Ruscio
Giorgio Iacobone