LED Taxand is an independent Italian firm, established in 2018 on the initiative of a group of professionals with experience matured at leading tax boutiques and international networks. Our decision-making centre is in Milan, where we operate under a partner-led model, engaging directly with the client and retaining full responsibility for the tax strategy and the execution of each engagement.

To serve clients operating across multiple jurisdictions we are part of Taxand, an international network. It is the network that enables us to access, on a case-by-case basis, top-tier local expertise, selecting the most suitable counterparts for the nature and complexity of each project.

When a transaction calls for international expertise, control remains entirely in our hands: we design the tax architecture, coordinate the foreign colleagues selected for that mandate and deliver to the client a single, consistent and traceable advisory line. This is the model we believe is best suited to a tax boutique: independence in decision-making, quality in people, proximity where it counts.

Contemporary taxation is undergoing the most profound transformation of the past thirty years: global minimum taxation, digitalisation of tax audits, artificial intelligence applied to compliance. In this scenario, tax advisory is no longer just a matter of interpreting the law, but of designing integrated solutions capable of holding together rules, data, technology and industrial strategy. LED Taxand stands by its clients across all areas of taxation, organised by specialist practices and dedicated multidisciplinary teams.

International Tax, Pillar Two and Transfer Pricing

Structuring of cross-border flows, application of double tax treaties, tax residence and permanent establishment, anti-hybrid rules and CFC. We assist multinational groups in the implementation of GloBE rules (Pillar Two), in the calculation of ETR by jurisdiction, in the management of QDMTT, IIR and UTPR, and in the new information obligations (GIR). We design transfer pricing policies and documentation consistent with the Master/Local File, value intangibles and complex intercompany transactions, manage Business Restructuring and Exit Charge under Chapter IX of the OECD Guidelines, unilateral and bilateral APAs, MAPs and arbitration procedures under EU Directive 2017/1852.

Corporate Tax, Extraordinary Transactions and M&A

Tax structuring of acquisitions, disposals, mergers, demergers and corporate reorganisations, with particular attention to financial leverage profiles, hybrid instruments and due diligence processes (buy-side and sell-side). We oversee emerging issues — Purchase Price Allocation, valuation of intangibles, W&I Tax Insurance, earn-out, complex carve-outs — and the impact of the IRES reform and Pillar Two on group architectures. On the ordinary side, we manage corporate taxation, tax governance, commercial partnerships and ongoing relations with the Tax Authorities.

Financial Taxation, Real Estate and Asset Management

Tax treatment of financial instruments, financing and refinancing transactions, securitisations, NPLs/UTPs, credit funds and investment vehicles. On the real estate side: structuring of investments and disposals, real estate funds, SIIQs, club deals, development transactions and portfolio management. Advice to asset managers, SGRs, banks and insurance companies on product taxation, exemption regimes and the interplay with regulatory rules.

VAT, Indirect Taxes and ViDA

Domestic and intra-EU VAT, complex transactions and supply chains, real estate and finance. We support clients in preparing for the ViDA reform (VAT in the Digital Age): structured electronic invoicing.

Tax Governance, Cooperative Compliance and Tax Technology

Design and implementation of Tax Control Frameworks consistent with the cooperative compliance regime, with oversight of the TCF certification by an independent professional. We support large taxpayers in the strategic dialogue with the Italian Revenue Agency, in tax risk mapping and in the adoption of tax technology and AI solutions for compliance and risk monitoring.

Tax Litigation, MAP and Tax Controversy

Defence before the Tax Courts of first and second instance and the Supreme Court. Management of complex assessments, tax rulings, advance agreements, voluntary disclosure and out-of-court settlements. Strong specialisation in mutual agreement (MAP) and arbitration procedures concerning double taxation and transfer pricing, also in coordination with our colleagues of the Taxand network in counterpart jurisdictions.

Private Wealth, HNWIs and International Mobility

Wealth and estate planning, trusts, family pacts, family office governance. We assist high-net-worth individuals under the Italian regimes for new residents, inbound workers and foreign pensioners. We oversee the inheritance and gift tax reform, trust regulation, and the inbound and outbound mobility of managers and HNWIs.

Special Situations, Corporate Crisis

Tax aspects of crisis situations and debt restructurings under the new Italian Insolvency Code: negotiated settlement (composizione negoziata), certified plans, debt restructuring agreements, preventive and going-concern arrangements with creditors.

We oversee the advanced tax settlement (transazione fiscale, extended to the composizione negoziata, fiscal cram-down, non-impairment of tax claims), distressed M&A, NPL/UTP transactions, debt conversions and the related valuation profiles (fair value, expert reports).

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Our goal: to turn complexity into clear, defensible operational choices that are sustainable over time.