Tiscali 2007 Annual Report Download - page 145

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sand, plus interest. At the moment, it is not believed that any
tangible risk of sanctions exists for the 2004 tax period.
With regard to the tax assessments relating to direct taxation
in Germany (Corporate and Trade Tax), the assessment pro-
cedures have concluded. The assessment reports received
disclose tax liabilities payable solely by the parent company
Tiscali Deutschland GmbH for a total of approximately EUR
400 thousand, plus interest, already paid by the end of the
year.
Remuneration of the directors and statutory auditors
In accordance with Article 78 of regulations enforcing Italian Le-
gislative Decree No. 58/1998, issued by CONSOB under Resolu-
tion No. 11971/99, the following tables indicate the fees paid to
Directors and Statutory Auditors.
TISCALI S.P.A. – SINANCIAL STATEMENTS AT 31 DECEMBER 2007
144
amount of these disputes is EUR 2 million, against which Ti-
scali International BV has made payments totalling around
EUR 0.3 million. The residual amount mainly refers to stock
options which are alleged to have been granted to Mr. Lande-
feld (a party what is more resident for tax purposes in Ger-
many) and, in the opinion of Tiscali’s tax advisors, not subject
to taxation on the Netherlands. Given this circumstance and
considering that this dispute is in the initial stages, it was de-
cided that the liability cannot be considered likely and there-
fore no related provision was made.
During 2006, a tax assessment was started up relating to VAT
and direct taxation regarding the German subsidiaries of the
Tiscali Group for the tax periods 2000-2004.
The tax assessments for VAT purposes, still underway, have so
far indicated assessed liabilities for the tax periods 2000-2003
for the purposes of indirect taxation totalling EUR 726 thou-
NAME AND SURNAME Position Term of office Emoluments Non-monetary Other forms of
for office benefits remuneration
Board of Directors
Vittorio Serafino Chairmanv(1) Shareholders’ meeting 29April 2008 € 180,000 - -
Tommaso Pompei Chief Executive Officer (2) Resigned on 28 February 2008 € 900,000 € 447,147 300,000
Director (2) Shareholders’ meeting 29 April 2008 - -
Mario Rosso Director (3) Shareholders’ meeting 29 April 2008 € 25,000 - -
Massimo Cristofori Director (3) Shareholders’ meeting 29 April 2008 € 25,000 € 31,000 € 500,000
Francesco Bizzarri Director (4) Shareholders’ meeting 29 April 2008 € 25,000 - -
Gabriele Racugno Director (4) Resigned on 28 February 2008 € 25,000 - -
Arnaldo Borghesi Director (5) Shareholders’ meeting 29 April 2008 € 25,000 - -
Rocco Sabelli Director (5) Resigned on 28 February 2008 € 25,000 - -
Board of Statutory Auditors
Aldo Pavan Chairman (6) Approval of 2008 annual report € 64,000 - -
Piero Maccioni Statutory auditor (6) Approval of 2008 annual report € 42,000 - -
Massimo Giaconia Statutory auditor (6) Approval of 2008 annual report € 42,000 - -
Andrea Zini Deputy Auditor (6) Approval of 2008 annual report - - -
Rita Casu Deputy Auditor (6) Approval of 2008 annual report - - -
(1) Chairman since 23 September 2004
(2) Chief Executive Officer and Director since 18 May 2006
(3) Appointed on 6 May 2004
(4) Appointed on 5 May 2005
(5) Appointed on 20 December 20.06
(6) Appointed on 18 May 2006