Friday, Dec 4th at 6pm
at Anima Domus Showroom
5084 Biscayne Blvd, Miami

On the occasion of Art Basel 2015, INTERNI (magazine of Interiors and Contemporary Design), ANIMA DOMUS (South Florida’s leading resource for contemporary luxury Italian furniture) and CLEI (Italian world leader in space saving luxury furniture collections) have joined forces to host a special Art Basel event at Anima Domus’ MiMo District showroom on Friday, December 4th, 2015 at 6pm. The cocktail evening event will feature a presentation by world-renowned Italian architect and engineer, MR. CARLO RATTI, as well as showcase artwork by Miami-based artist RAMON AULAR, who created several installations specifically designed for display at this Art Basel event in the Anima Domus showroom.

Marconi Naziazeni, CEO and founder of Anima Domus explains, “We are proud to co-host this event on the occasion of Art Basel and to be able to offer our South Florida public the opportunity to experience a merger of the senses between luxury Italian furniture design and art. Our affluent and international clientele share a common love for art, design and the beauty of skillfully crafted masterpieces, so this special occasion allows us to fuse all these elements during such a vibrant week in South Florida”.

Luca Colombo, Co-Owner and Commercial Director of CLEI outlines their involvement as follows, “CLEI is excited to participate in this event since it showcases our company’s commitment to a design philosophy which focuses on innovation, creativity and superb research and engineering. CLEI’s space-saving furniture solutions are a work of art in itself, responding to modern demands for versatile and artfully designed collections”.

Carlo Ratti, the evening’s presenter, is a world-renowned Italian architect and engineer, who aside from his active and internationally successful architecture practice, teaches at MIT. Carlo is currently the Director of MIT’s ‘SENSEable City Lab’, a new research initiative at the Massachusetts Institute of Technology, which focuses on studying and anticipating the changes in design of modern urban environments created by the use of digital tools. On the occasion of the Art Basel event, Carlo Ratti will be speaking on the topic of “The City of the Future” and how this relates to the design of contemporary spaces and furniture.

Ramon Aular, is a Wynwood-based Venezuelan artist who will have several installations on display at the showroom during the event. Ramon’s pieces were created especially for the occasion and the Anima Domus space. After relocating to the US, Ramon’s artistic career has spanned collaborations with known artists such as Jeff Koons in NYC and Mr. Brainwash at Art Basel 2010 and 2011. In 2013, Ramon was commissioned by Porsche to paint its Porsche Carrera on the occasion of its 50th anniversary.

This jointly hosted event will bring together international members of the design, art and media world. Open discussion, cocktails and music, allowing for guests to explore the Anima Domus showroom while enjoying Ramon Aular’s art, will follow the evening’s brief presentation by Mr. Ratti. In attendance will be co-host of the event, Gilda Bojardi, Editor in chief of Interni and creator of Fuori Salone Milano.

On November 6th,  Mr. Paolo Ruggeri, founder of  K2USA, LLC | OSM International Group, will offer a leadership training in Miami Beach.

See the invitation below for further details.

Lately the main Italian economic newspaper “Il Sole 24 Ore” recognized the excellent performance in the US market of a Made in Italy aptitude test created by Human Resources pioneers Paolo Ruggeri and Andrea Condello.

Recently, the Internal Revenue Service (“IRS”) released an Advice Memorandum, addressing whether members of a Limited Liability Company (LLC), which acted as a management company (the “Management Company”) can be treated as limited partners for purposes of the Self-employment Tax (“SeT”), when such partners perform “extensive services” for the company. The Advice is significant because the application of said tax to LLC’s distributions has been unsettled for years.

The Management Company in the Advice acted as an investment manager of a family of funds, performing a wide range of services, which generated income. The Management Company opted to treat all of its members as “Limited Partners” for purposes of the SeT, consequently the members did not pay Set on their share of the company’s income.

It is well known in South Florida that right after Labor Day ends, the second best quarter of the year begins for real estate. Making the end of the year a great season for buyers and sellers. Named Top Residential Producer in Coral Gables and South Miami within EWM, Ilaria shows in the second week of September 2015 that the market is highly active and that she can sure do the job. Her negotiating skills and more than 16 years experience position her amongst the top agents. She will care for the contract deadlines, guide the whole process from beginning to end, price accordingly and make transactions happen.  

Socapri, young men and women brand founded in Capri by brothers Carmine and Puglia Marino Cucinella and chaired by Alessandro Ricchiuti, is ready to grow with new distribution strategies.

Thanks to High Street Retail USA, Inc. Socapri is now opening it’s first boutique space in the US on Worth Avenue, Palm Beach, FL 33480. Socapri makes the third boutique High Street Retail USA, Inc. has brought to the famed Worth Avenue joining Brioni and Pretty Ballerinas other High Street deals.

In addition, this marks the fifth International Brand High Street Retail USA, Inc has facilitated in their expansion to the US market.

Puerto Rico has been in economic crisis along the last 10 years and more than 10% of the inhabitants have left the island in this period because of unemployment rate and unemployment rate has been still in the 13-15% range in the last year. In an attempt to re-launch the economy, the previous Government led by Fortuño has promulgated Act 20 and Act 22 at the beginning of 2012 and the current Government led by Padilla is actively promoting these two Acts with the goal of re-launching the local economythrough fiscal incentives to companies and individuals.

While Act 22 is mainly of interest for private equity and hedge fund managers and requires to be resident of the island to take advantage of the fiscal benefit on capital gains, dividend distribution and passive interests, Act 20 does not have any requirement for the owner of the company to reside in Puerto Rico. Act 20 allows a 4% tax rate on income (instead of an up to 39.6% federal income tax rate in the US plus the state tax) through the request of a Exemption Decree (a contract not subject to subsequent legislative changes) to the Secretary of Economic Development that may take 4-6 months to get and last for 20 years, renewable for other 10 years.

The key requirement is that the services must be performed for individuals and entities located outside of Puerto Rico and have no nexus with Puerto Rico. The eligible services are: research and development, advertising and public relations, consulting, advise on trade and business, engineering services and project management, professional services (legal, tax, accounting), centralized management services, electronic data processing, software development, telecom voice and data, call centers, shared service centers, storage and distribution centers, educational and training, hospital and laboratories, investment and financial services.

Italy has put into effect law number 186/2014 which deals with the Voluntary Disclosure of assets abroad with the possibility of reduced fines. The law follows the normative of FATCA and it will elevate the risk of verification of information exchanged between Italy and the United States.

It is a very complex procedure, whose term will expire September 30^th, 2015. The people that it will effect are individuals who have financial assets in the United States, might it be through corporations or real estate, and have not disclosed their assets according to the RW model. The amount due will be determined by the length of time that the assets have been established, if assets were established more than five years ago and never declared, the cost of the Voluntary Disclosure is between 10% and 20% of the investment.

HOW IT WORKS

The taxpayer has to turn over to its accountant all documentation relevant to the purchase and management of the activity abroad. From such documentation, the accountant has to determine the appropriate tax levy’s and reduced sanctions that can be imposed. At which point, the documentation is turned over to the Italian Internal Revenue Service that determines whether to accept the application, if so, the procedure is finalized.

JURIDICAL REPATRIATION VIA TRUSTEE

It is possible to regulate the activities held abroad via the use of an Italian corporation as a trustee by allowing the corporation to maintain the ownership and omitting such information from one’s personal tax returns. This technique, has shown a positive outcome on an individual’s privacy and on the future management of the regulated assets.

WARNINGS

Only well informed and prepared professionals can correctly file and apply for Voluntary Disclosure. Individuals who intend to initiate the procedure must be prepared to bear a significant cost for the indispensable assistance of a professional.

By Andrea Alberghini and  Carolina Spera