ed a treaty against double taxation on income. Industrial and commercial profits are taxable in Italy under the terms of most tax treaties if earned through a permanent establishment in Italy. The IMF follows the principle of nondiscrimination; an applicant’s quota should be in the same range as the quotas of existing members of comparable economic size and characteristics.There is no general requirement that imports be marked as to country of origin. Under Italian legislation, the origin of imported merchandise is established through documentation accompanying the shipments arriving in Italy and not through marking of products or their containers. Certain specified commodities, however, must be marked or labeled to show composition, and name and location of manufacturer, in accordance with various laws and regulations. As a member of the EU, Italy applies the product standards and certification approval process developed by the European Community. Italy is required by the Treaty of Rome to incorporate approved EU directives into its national laws. However, there is frequently a long lag in implementing these directives at the national level. ...
