How does Italian CFC legislation apply to my U.S. disregarded LLC?
My Italian commercialista says my U.S. LLC triggers Italy's CFC rules because it pays no U.S. tax. He says I have to pay IRPEF on the LLC's entire income even though I left most profits in the U.S. bank account. Is there any exemption I can claim? Can the Italy-U.S. treaty help?
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