person for treaty pruposes ando of beneficia owner, under the hypothesis that there is non personification of trust fund. It is also discussed an
general rule on businnes profits provided for by article. It derives from that the necessity to determine those activities which follow within the scope
light of article 24 of the double tax treaty currently in force between Italy and Germany. In particular, it is under exam the possibility to apply, to
spending remains low. The paper calls for an intelligent and non ideological reappraisal of the role of public spending in the economy. It argues that
Financial innovation emerges on market to let it possible to exploit (temporary) market inefficiencies, frictions, and rigid regulation as to have