Gianluca Russo’s practice focuses on Italian and international tax issues.

He advises Italian and foreign clients on the tax aspects of cross-border M&A transactions, including private equity deals, on the taxation of financial instruments, including debt (notes and financing issuances) and equity deals, and on all aspects of personal tax practice, individuals’ tax planning, trusts and succession planning.

He also regularly advises on compensation and benefit matters, including executive compensation, the benefit aspects of mergers and acquisitions, and the tax implications of employee incentive plans.

Gianluca joined the firm’s Rome office in 2004, and was resident in the New York office from 2006 to 2007.

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Selected Activities

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Regularly advises the Italian Minister of Economic Development on taxation matters.

Publications

“Hot Tax Topics for Multinational Groups, in the US, the EU and Beyond,” Cleary Gottlieb Selected Issues for Boards of Directors in 2024, January 18, 2024

“The Next Generations in the Family Business: The Role of Family Offices,” We Wealth (interview), October 6, 2022 

“Tax Breaks for Workers Moving to Italy: New Official Guidelines Released,” Cleary Gottlieb Alert Memo, January 4, 2021

“Italy” chapter, The Executive Remuneration Review, ninth edition, November 2020

“The Italian Trust Game,” Tax Notes International, June 29, 2020 

“How the Crisis Has Changed Managers’ Missions and Goals,” Milano Finanza, June 12, 2020

“Italy: Highlights on the 2020 Budget Law and Related Tax Legislation,” Cleary Gottlieb Alert Memo, January 6, 2020

“The Executive Remuneration Review,” Law Business Research, 2012 through 2019, chapter on Italy

“Italy Provides Incentives for Foreign Workers, Encourages Business Transactions,” Tax Notes International, July 22, 2019

“Tax Regimes: Italian Regime and Other International Immigrant Regimes,” SDA Bocconi and JP Morgan Private Bank, July 2, 2019

“Italy Enhances Tax Breaks for Certain Individuals Moving to Italy,” Cleary Gottlieb Alert Memo, May 8, 2019

“New Italian Tax Rules on Carried Interest Promote Certainty and Careful Investment,” Tax Notes International, July 10, 2017

“Italy’s Transaction Tax: Early Lessons,” IFLR, 2013

“Meno premi ai top manager e più soldi agli alti dirigenti,”La Repubblica – Affari & Finanza, November 10, 2014

“Italian Financial Transaction Tax Goes into Effect in March,” Practical European Tax Strategies, 2013

“The Executive Remuneration across Europe - A Handbook of Design, Disclosure, and Enforcement Rules,” The Conference Board, 2012, co-author, chapter on Italy

“Italian 10 Percent Additional Tax on Variable Compensation Paid to Certain Executives Employed in the Financial Services Sector Confirmed, ” Practical European Tax Strategies, 2010

“Stock Options in Italy: Beneficial Tax Regime Repealed,” Practical European Tax Strategies, 2008

Events

Webinar, September 2024
The Italian Lump-Sum Taxation Regime and Comparable Jurisdictions

Milan, September 2022
From Family Business to Family Office: Presentation Conference of the 2022 Family Office Observatory

Milan, April 2022
From Family Business to Family Office

Milan, June 2021
Università Cattolica del Sacro Cuore – Teacher on “Aspetti civilistici e fiscali del patto di famiglia” at Corso di Alta Formazione, Protezione, Trasmissione e Gestione dei Patrimoni Familiari

Milan, December 2019
Colazione da J.P. Morgan – “Veicoli di investimento esteri e domestici: verità e falsi miti di prassi, dottrina e giurisprudenza controversi”

Miami, 2019
“Destination Italy – Opportunities for Companies and HNWI”

Milan, June 2019
Wealth Advisory Conference

Rome, 2012-2016
Universita’ “L.U.I.S.S. Guido Carli” – Facolta’ Di Giurisprudenza, Master in Tax Law

Bologna, 2016
Universita’ Di Bologna – Facolta’ Di Giurisprudenza, Master in Tax Law “A. Berliri”

Milan, 2015
Synergia Formazione’s “Forum delega fiscale – La certezza del diritto nei rapporti tra fisco e contribuente – Il presidio del rischio fiscale”

Milan, 2012
Paradigma’s “Forum Corporate Governance – La remunerazione dei vertici aziendali di società quotate alla luce del Regolamento Consob”

Milan, 2009
ABI’s “Remuneration Policies e Compliance – La connessione delle politiche retributive con la gestione dei rischi”

Amsterdam, 2008
IBFD International Tax Academy’s “Master on Hybrid Financial Instruments”