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34 sats \ 1 reply \ @openyoureyes 7h \ on: Tracking the Movement of Millionaires in 2025 econ
Why is italy number 3? Did i miss something? Did they managed the crime and left eu?
I did a little research, from what AI tells me, this may be significant:
Tax Incentives and Residency Programs: Italy has introduced attractive tax regimes, such as the flat tax for high-net-worth foreigners (a 100,000 EUR annual flat tax on foreign income for new residents), which has lured wealthy individuals to relocate. This "res non-dom" policy, combined with the allure of Italy's lifestyle, has contributed to an influx of millionaires.
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