Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT Audit :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: articles on VAT and GST in India :: VAT RATES :: cpt :: TDS :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: empanelment :: form 3cd
 
 
« General »
 Norms for filing tax are the same for residents and non-residents
 Data shows new tax regime widely adopted
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh

Italian Senate expels Silvio Berlusconi from Parliament over tax fraud
November, 28th 2013

The Italian Senate expelled former prime minister Silvio Berlusconi over his tax fraud conviction on Wednesday, humiliating the veteran centre-right leader who vowed to continue leading his party from outside parliament.

The Senate vote, after months of wrangling and delay, opens an uncertain phase for Italy, with the 77-year-old media billionaire now apparently in the twilight of his political career but prepared to use all his resources to disrupt Prime Minister Enrico Letta's coalition government.

"We are here on a bitter day, a day of mourning for democracy," Berlusconi told supporters from his Forza Italia party in front of his central Rome residence as the Senate voted a short distance away.

Berlusconi, who has dominated Italian politics for two decades, had already pulled his party out of Letta's coalition after seven months in government, accusing left wing opponents of staging a "coup d'etat" to eliminate him.

Stripped of his parliamentary immunity from arrest after 20 years as a lawmaker, he is now more vulnerable in a series of other criminal cases, where he is accused of offences including political bribery and paying for sex with a minor.

However, he no longer commands enough support in parliament to bring down the government, which easily won a confidence vote on the 2014 budget on Tuesday with the support of around 30 dissidents who split from Forza Italia this month.

Letta declared on Wednesday that his government was "stronger and more cohesive" after winning the budget vote and said it would press on with its reform programme.

The Senate declared Berlusconi ineligible for parliament after he was convicted of masterminding a complex system of illegally inflated invoices to cut the tax bill for his Mediaset television empire.

"The Senate did nothing more than to apply the law. It was the right thing to do, otherwise we would have had the law of the jungle," said Guglielmo Epifani, general secretary of Letta's centre-left Democratic Party (PD), which joined former comedian Beppe Grillo's anti-establishment 5-Star Movement in pushing for expulsion.

Under a law passed last year, politicians convicted of serious criminal offences are ineligible for parliament, but his removal had to be confirmed by a full vote in the Senate.

The court sentenced him to four years in jail, commuted to a year likely to be spent performing community service. He was also banned from holding public office for two years, preventing any immediate return to government.

Victim
A characteristic piece of political theatre, Berlusconi's address to supporters as the Senate voted underlined that he will remain a troublesome opponent of the government even outside parliament.

"We have to stay in the field and we can't give up, even if the leader of the centre-right is not a Senator any more. There are leaders of the other parties who are not in parliament either," he said.

Much like Grillo - who does not sit in parliament but keeps up a steady stream of attacks in public meetings and on his blog - Berlusconi will still be able to inflict damage on the government from the sidelines.

Berlusconi, who owns Italy's biggest private broadcaster, has adopted an increasingly euro-sceptical tone, attacking Brussels, German Chancellor Angela Merkel and Letta's euro-friendly government. Such attacks are likely to increase in the run-up to the European parliamentary elections in May.

The battle over Berlusconi has already disrupted any serious overhaul of the stagnant Italian economy, which is stuck in a recession that has lasted more than two years, sending youth unemployment over 40 percent.

The centre-right split may have removed the immediate threat to Letta, who has won two confidence votes in parliament since Berlusconi's conviction. But the risk of further judicial conflict over any of the other criminal trials and investigations hanging over Berlusconi could inflame his supporters still further.

Wednesday's rally, which attracted several hundred supporters, was smaller than many previous protests but Berlusconi retains a solid core of backing.

"Not only is he being judged but it's a form of humiliation," said Gianluca d'Avanzo, a 40-year-old office worker from the southern region of Puglia who came to Rome for the demonstration. "They are doing this to a man who has done so much for Italy. We are a country of ungrateful people."

Berlusconi joined Letta's Democratic Party in an unlikely coalition after an election in February but relations were rocky from the start, worsened by rows about tax policy and tensions over Berlusconi's tax fraud conviction in August.

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions