Live in Italy and Pay 1% Tax

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Check Out Our Article: t Six Lump Sum Tax Countries to Lower Your Tax Rate
https://nomadcapitalist.com/finance/l...

First things first, for the purposes of offshore tax planning, lump sum tax refers to a special tax regime created by a country to attract investors. It does not mean that the country has implemented a one lump sum tax rate for everyone in the country the way some US politicians advocate as a matter of tax policy.

Lump sum taxes are offered by countries that want to attract successful entrepreneurs, investors, and high-net-worth retirees to their countries. Lump sum tax countries are generally NOT zero-tax countries, and they often don’t offer other tax incentives.

In that way, they are not tax havens. Tax havens are often subject to higher levels of scrutiny, whereas lump sum tax countries have a higher veneer to foreign tax officials and public scrutiny.

Lump sum tax countries figure that while their own local tax rates may be rather high, they would like to attract foreigners to live and spend money there. The logic goes that you wouldn’t move there if you were subject to the same tax rates as the local population, so they’re willing to lower them specifically for the type of people they would like to attract.

In this video Rusudan, our Chief Financial Officer will share how How Italy's Lump Sum Tax Could Change Your Life

00:00 Start
0:19 What Is a Lump Sum Tax
1:19 Italy's Lump-Sum Regime
3:46 Italian Tax Residence
5:39 How to Apply for Italy's Lump-Sum Tax

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.