Italy to raise tax on super-rich foreigners by 50pc in blow to wealthy non-doms

https://reddthat.com/post/52368034

Italy to raise tax on super-rich foreigners by 50pc in blow to wealthy non-doms - Reddthat

Lemmy

It 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…

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).