Massimo Cremona

Of Counsel

Università Cattolica del Sacro Cuore, Milan – Master Degree in Economics, 1984
Post University course at Darden School of Business - University of Virginia, 2000

Professional Qualifications

Registered as Chartered Accountant and Tax Advisor, Milan, 1985
Admitted to practice before Tax Courts, 1985
Registered as Auditor, 1995

Academic Activities
Teacher of tax matters at Università Cattolica del Sacro Cuore, Milano – Faculty of Economics, from the academic year 2007/2008
Previously teacher at Università statale, Milan – Faculty of Political Sciences
Teacher at Post University Masters at Università Cattolica, Milan, SDA Bocconi, Il Sole 24 Ore, Order Chartered Accountant and Tax Advisor, Milan, Step
Regularly invited as lecturer at conferences, also international, in Italy, the USA and the UK
Lecturer at IFA - Italian Branch conferences and IFA Bilateral meetings
Invited as lectures a Institut Européen d'Administration des Affaires (INSEAD) Fointanbleau – France, 2019


Italian, English

Areas of expertis
Financial Taxation
International Taxation
M&A, private equity and business reorganizations
Corporate Taxation
Charities Taxation
Tax Litigation
Business Evaluations
Procedures to manage the tax risk
Accounting Principles

Of Counsel at FIVELEX Studio Legale e Tributario from 2021.
Previously, he run his own professional activity from 1 January 2016 to 31 December 2020.
From 1984 to 2015 at Studio Pirola Pennuto Zei e Associati, where he held the following roles:
- from 1992 Equity Partner;
- from 1996 Italian Tax Representative at Coopers & Lybrand network;
- from 1999 Tax SLL (Tax Service Line Leader – Italian representative) of PricewaterhouseCoopers network in Italy;
- from 1999 to 2013 Executive Vice-president;
- in 2003 he took care of the split from PricewaterhouseCoopers network;
- from 2013 Managing Partner.


He practices domestic and international tax for multinational groups, banks, insurance companies and private equity investors. He has experience also in fashion, real estate and advisory services.

He serves as Statutory Auditor and Non-Executive Director of financial institutions and insurance companies, as well as of companies, also listed, belonging to domestic and international groups.

He received assignments from the Treasury Ministry relating to the receivership of securities firms and trust companies.


He advised on privatizations of important State companies.



He advised on important and also international IPO and M&A deals.


He is the trusted advisor of important Italian families.


In the last five years, he focused on charities as well, taking roles in Foundations.


For several years he has been awarded as one of the best Italian tax advisors by ITR (International Tax Review).