SahwaItaly to raise tax on super-rich foreigners by 50pc in blow to wealthy non-doms
huppakeeYou can be a foreigner, no problem. You can be super-rich, that’s fine. But both? Unacceptable.
talkingpumpkinTBH being poor and a foreigner is far worse in these people’s eyes. And god forbid if on top of that you are fleeing a country where war or persecution threaten your existence.
A_norny_mousseGood. Now do super-rich Italians.
Goldholz 
MMLIt is still comically low… From 200k to 300k per year, regardless of whatever income they have, in the hope that coming to Italy they will “trickle down” their wealth (we know well how ridiculous that statement is).
The worst part is that it was made by a centre-right government masquerading as centre-left…
iagomagoJust to be clear, this government isn’t trying in any way to masquerade itself as centre-left. FdI is right wing through and through, it demonizes the left all the time and treats insignificant changes such as this one or occupational rate (obtained through Draconian revision of national contracts) as “real work for the people”, not “like the elitist left”. They are populist, that’s what they are.
Sorry, I was not clear. The government that made the first law (100k “flat tax” for rich people moving to Italy) was the PD (theoretically centre-left) guided by Renzi (that I would consider 100% centre-right politician, hence what I meant)…
I am completely agree that FdI is far-right, hell many members of the government are big fans of Mussolini and the fascist party…
Dampyr 🇺🇦 🇵🇸theoretically centre-left
That theoretically is doing heavy lifting there. At least economically and in the last decade
(╯°□°）╯︵ ┻━┻
Is that a percentage of income still? I probably wouldn’t have to pay that much if I ran off to Italy, right? It’s about triple my yearly gross salary…
It is basically a ceiling to how much you can pay in taxes.
A foreigner moving to Italy can either
- enter the normal taxation regime, and pay according to all (domestic and foreign) incomes they have;
- decide to pay 200.000€ a year + 25.000€ per family member, no questions asked on foreign income (for up to 15 years).
Is that supposed to say “50 percent”? I have never seen percent abbreviated like that, why not just use “%” instead?
Rich people now will get taxed 50 pcs. I hope they spurge and don’t buy Dell’s
⛓️💥All we need is one government that taxes the super-rich to show that the story of instant capital flight is a fairy tale. There is no economically sound way to escape some form of wealth tax, and that’s what you hear when one is brought up.
I believe this is almost exclusively a Telegraph thing, and even then only in headlines. Fron their style guide:
"Percentages: per cent does not take a full point. Use pc only in headlines and % only in tables. In City page copy pc is acceptable."
The same section of the style guide chooses to use hundredweights as an example unit of weight, so I definitely think there's a significant degree to which they've just always done it and do not want to change it
Wealthy or not I assume subs (non-doms) like getting blows