San Marino Mulls Legal Remedies Against Italian Policies Toward Tax Haven Elimination

ROME—Government leaders in the tiny landlocked country of San Marino said Italian policies toward eliminating tax havens and encouraging citizens to repatriate funds held abroad are causing havoc on San Marino’s economy, and they said they could explore legal remedies for the situation if it is not remedied soon.

A spokesman for San Marino’s Foreign Minister told BNA June 18 that business between San Marino and Italy—by far the tiny country’s largest trade partner—have slowed to a trickle over the last year, when the country was labeled a tax haven and companies were told they could lose their preferred tax ...