Italy plans to raise its flat tax on super-rich foreigners by 50pc, in a blow to non-doms fleeing Britain over Rachel Reeves’s wealth raid.
  • vga@sopuli.xyzEnglish
    3·
    3 days ago

    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…

    • TheWonderfool@lemmy.worldEnglish
      4·
      3 days ago

      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).