Italy Budget Bill Proposes 26% Exit Tax on Residents

Описание: Prime Minister Giorgia Meloni's government has proposed a 26 per cent exit tax on certain financial gains made by people who decide to move their tax residence out of Italy. And it is not just the money they have already earned that could be taxed. The levy would also apply to profits that exist only on paper, even if the assets have not been sold. Samah Qundeel explains what exactly this exit tax is, who would have to pay it and why Italy is considering a measure that could potentially drive away the very people it has spent years trying to attract.
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