Italy has doubled its flat tax on foreign income for affluent new residents, a move seen by many as a typical EU tactic, further eroding its credibility. The flat tax, previously set at €100,000 annually, exempted new residents from taxes on overseas earnings, gifts, and inheritance for 15 years. Now raised to €200,000, this policy change has sparked controversy, particularly in Milan, where the influx of wealthy individuals has driven up real estate prices and living costs. Despite the increase, Finance Minister Giorgetti maintains that the tax remains attractive to wealthy foreigners.
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Why would it be attractive?
People will just go elsewhere.
it is less attractive now. the bad thing about this policy is that you previously lured people into the country with this flat tax only to then increase it.
Trickery.
I guess they need to do something. You really have to be careful where you go. I feel like this kind of thing could happen anywhere.
Yes, it really could happen anywhere.
But more countries are going to have a chance at letting them in if they keep their tax rates low.
Rich people care about it.
If You watch public debt going through the roof You're right
Can you imagine how many rich peoples butts are puckering?
Every time parts of the EU need to be bailed out?
it is less attractive now. the bad thing about this policy is that you previously lured people into the country with this flat tax only to then increase it.
Its a bit wrong.
But they can always move away if they dont like it.
Same as the EU forcing all the Caribbean CBI programs to double their prices or lose visa free travel. Commies can't handle tax competition.
Disgusting freaks...
If your vote doesn't count, you can still vote with your feet and your wallet.
.... what I did and what I'll be doing as good as I can