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Portrait of Carlo Gnetti

Carlo Gnetti

Partner

CMS Adonnino Ascoli & Cavasola Scamoni
Galleria Passarella 1
20122 Milan
Italy
Languages English, Italian

Carlo Gnetti joined the Milan office of CMS in January 2020 as partner of the tax department.

Before joining CMS, he was tax partner of Baker McKenzie and until 2005 a tax partner of EY, in charge of the International Tax Services and the Italian Desk in New York from 2000 to 2003.

He routinely advises on corporate tax law, with particular experience in international taxation, mergers & acquisitions, transfer pricing and global reorganizations.

He assists leading Italian and foreign multinational groups in the sectors of Fashion & Luxury, Information Technology, Digital Economy, Pharma, EPC, and Automotive in:

• Tax rulings and disputes

- Permanent establishments

- Place of the effective management and “esterovestizione

- Effective beneficiary of dividends, royalties and interest

- Tax rulings regarding business reorganizations and exit tax

• Extraordinary transactions

- M&A, due diligence, acquisition planning and structuring, negotiations and closing activities

- Joint ventures, mergers, demergers and contributions

- Corporate and accounting issues

• Global reorganizations

- Spin off

- Post-acquisition reorganizations

- Business integrations and conversions

- Supply Chains

He holds the position of Statutory Auditor and Chairman of the Board of Statutory Auditors in leading joint stock companies.

Carlo Gnetti is included among the leading experts in tax law in the most relevant international directories - Chambers Europe and Legal500.

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Education

1990 - Registered in the Bar of Certified Auditors and Chartered Accountants and Accounting Experts of Milan

1987 - Department of Legal Studies Angelo Sraffa c / o Luigi Bocconi Commercial University – Professor assistant at Master in Business Law

1986 - Luigi Bocconi Commercial University, Milan, Major Degree in Economics and Business (Minor Degree in Law)

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26/05/2022
The Itali­an Rev­en­ue Agency and Su­preme Court is­sue guidelines on the ap­plic­a­tion...
On May 24, the Itali­an Rev­en­ue Agency pub­lished a Cir­cu­lar Let­ter (n. 16/E of 5.24.20221) which provides im­port­ant guidelines on the cor­rect in­ter­pret­a­tion of the concept of “arm’s length range”...
05/01/2021
2021 Budget Law Main Tax Top­ics
Con­tents1. Sus­pen­sion of pay­ments for the am­a­teur sports sec­tor (Art­icle 1, para­graphs 36 - 37)2. VAT on ready-made meals (Art­icle 1, para­graph 40)3. Ex­ten­sion of the re­align­ment of the value of cor­por­ate...
23/12/2020
CMS al fianco di Coty nella strut­turazione della vendita del ramo Pro­fes­sion­al...
CMS – tra i primi 10 studi leg­ali a liv­ello in­ternazionale - ha coad­i­uvato lo stu­dio amer­icano Skad­den Arps nell’am­bito dell’im­ple­mentazione de­gli as­petti op­er­ativi tesi alla ri­or­ganizza­zione in...
18/12/2020
Tax in­cent­ives and meas­ures
Gov­ern­ments around the world are pledging am­bi­tious com­mit­ments in sup­port of the trans­ition to a clean en­ergy sys­tem. In or­der to fa­cil­it­ate in­vest­ment in low-car­bon en­ergy sources, such as re­new­ables...
14/10/2020
Can taxes save the plan­et?
In the midst of a glob­al pan­dem­ic and world­wide re­ces­sion, it is some­how iron­ic to state that the world is fa­cing a more far-reach­ing chal­lenge in the com­ing years and dec­ades. It is noth­ing less than...
04/06/2020
Tax Chal­lenges in a Chan­ging World
The on­go­ing glob­al COV­ID-19 pan­dem­ic is a his­tor­ic hu­man crisis of im­mense com­plex­ity on a glob­al scale. It is also res­ult­ing in an ac­cel­er­ated eco­nom­ic down­turn which has caused gov­ern­ments to re­act...
30/01/2020
New fea­tures of the 2020 Budget Law
The pur­pose of this News­let­ter is to provide a sum­mary of the main tax news of in­terest to en­tre­pren­eurs con­tained in Law no. 160 of 27 Decem­ber 2019 (“Budget Law 2020”, here­in­after also re­ferred...