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Archive » September 2023 » Is it possible to integrate tax rules and financial regulation? Two hypotheses on Aml and transparency of financial products

Is it possible to integrate tax rules and financial regulation? Two hypotheses on Aml and transparency of financial products

Patrizio Braccioni
September 2023 - n. 9
Keywords: Fiscalità, regolamentazione finanziaria, antiriciclaggio
Jel codes: H20, G18, K42

At the edge of the new millennium it became clear that connections between tax rules and financial regulatory rules were becoming stricter and stricter. A comparison of such rules with the Lisbon Treaty results in a relevant finding: many between both set of rules are grounded on the same norms of the Lisbon Treaty, in particular those about approximation of laws, between art. 114 and 118 of the Treaty. Thus, Member States are entitled to approve rules executing forms of reciprocal integration between tax and financial regulatory provisions, with the aim of making them more effective about their practical application. In the end, though not exhaustive, some innovative proposals in this direction within two distinct ambits, Aml and transparency of financial instruments.

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