Good. Now do super-rich Italians.
Italian mafia will come knocking :D
Well if it’s just the Italian Mafia, not the regular Mafia I think we’ll be fine.
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…
Just 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…
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).
Wealthy or not I assume subs (non-doms) like getting blows
Is that supposed to say “50 percent”? I have never seen “percent” abbreviated like that, why not just use “%” instead?
I initially read “50 pence”
Rich people now will get taxed 50 PCs. I hope they spurge and don’t buy Dell’s
You can be a foreigner, no problem. You can be super-rich, that’s fine. But both? Unacceptable.
TBH 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.
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.
Spain did increase the tax on rich people, the number of billionaires still went up.
That’s a good thing! Billionaires are not really afraid of taxes, what do they care if they have 25 or 24 billion? What difference does it possibly make?
I believe this is almost exclusively a Telegraph thing, and even then mostly in headlines. From 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
the prospect of a fresh increase in the levy will spark concerns among the many non-doms who have fled to Milan from the UK
I don’t think so. Ms. Meloni seeks some money supposedly to fund promised tax deceases for low and middle-class earners. But this is not a game changer imho, neither for the government nor the few thousand individuals that are affected imho.
