Italy doubles flat tax for super-rich expats

PTVPhilippines
PTVPhilippines
  • 2 months ago
Italy doubles flat tax for super-rich expats
Transcript
00:00Italy's government has approved a measure to double the flat tax for wealthy individuals
00:05who move their tax residents to Italy, raising it to 200,000 euros per year to attract high
00:11spenders and boost the economy.
00:13The measure targets wealthy British individuals affected by Britain's plan to end its non-domiciled
00:20regime in 2025.
00:22While the European Union has criticized the regime for favoring the rich, the increased
00:28tax could help Italy's public finances as they prepare for the 2025 budget.

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