On 28 November 2018, the Italian government issued a release on various decisions of the Council of Ministers, which includes the approval of the legislative decree to amend current tax law to comply with the EU Anti-Tax Avoidance Directive (ATAD1), as well as the Directive as amended (ATAD2) ({News-2018-09-24/P/3-previous coverage}). The decree includes amendments to align Italy’s current interest restriction rules, CFC rules, and exit tax rules with ATAD1, as well as the introduction of hy…