The firm’s Tax and Legal division, under the direction of partner Giancarlo Falco and specialized consultants, assists entrepreneurs in delicate corporate and tax issues, both nationally and internationally, lending its expertise in the planning and implementation of all types of corporate transactions (ordinary or extraordinary), as well as in the reorganization and restructuring of companies and groups.

The firm offers advice and assistance at all stages of tax disputes; from the tax audit stage to the litigation stage, and in the pre-litigation stage before the competent offices of the tax authorities.
Finally, given the continuous evolution of tax regulations and practice, the Tax&Legal division carries out continuous information and updating work through the publication of articles and in-depth studies in collaboration with leading publishers in the sector and the organization of conferences on specific topics.

Companies are adopting and articulating increasingly transparent and clear fiscal strategies in line with their broader environmental, social and governance (ESG) agenda.
It is crucial for their legitimacy to operate and an increasingly important ‘ethical issue’ for all stakeholders, not only for shareholders, investors and institutions.
Even in the area of tax planning, we have moved from the objective of maximizing tax savings to the now well-known ‘stakeholder capitalism’: in the event of problems arising in the course of a tax audit, therefore, the discussion table is no longer only with the tax administration but with the entire stakeholder community.
It is clear, therefore, that alongside the approach and resolution of typical problems for those working in tax proceedings, there is a broader need to respond to the needs of the market in order to provide an all-round answer to tax issues.
It is clear, therefore, that the relationship between tax authorities and taxpayers can no longer be relegated to the mere exchange of data for tax compliance purposes, but must respond to the needs of a market that increasingly demands transparency right from the planning of business strategies.
It is on these issues, therefore, that Falco&associati is committing itself and evolving, concentrating its efforts in terms of study, research and investment on the most innovative dynamics that also present an absolutely interesting evolution in the taxation branch.
On this point, there is a clear need to strengthen the system of controls in companies, both internally – through more efficient administrative structures – and externally – through the proactive use of statutory auditing tools, Law No. 231/2000 and supervisory bodies..
Equally crucial is the improvement of businesses in the field of digitization, which is necessary in order to create an efficient data processing system to monitor business events with greater timing and accuracy.
In a nutshell: planning operations and monitoring business events that shields companies from tax risks is an absolutely crucial element for a company to be competitive. .
It is crucial to emphasize that these dynamics are not exclusive to large companies, but represent a real need for SMEs as well.
The challenge is therefore to develop operational tools for small and medium-sized enterprises as well, in order to determine an effective tax risk control system, both within the context of the corporate governance and internal control system and through more specialized and qualified external advice.
It is time to imagine a sort of ‘Tax Risk Manager’ as a new professional figure also for SMEs, in which the tax advisor is no longer seen as the one who takes care of tax compliance in eternal conflict with the Revenue Agency, but who, instead, succeeds in implementing tax policies and strategies in the ESG sphere; assists companies in drawing up tax disclosures according to a ‘total tax contribution’ approach and that, even in more classic tax planning activities, has an approach aimed at tax risk management that reconciles the need for legitimate tax savings with the broader requirements of the market in which the company must operate.