Rome | Italian Prime Minister Giorgia Meloni’s plan to impose an “exit tax” on people who leave Italy from next year risks driving away rich expatriates drawn to cities such as Milan over the past decade, wealth advisers warn.
In its draft budget submitted to parliament over the weekend, Meloni’s three-party coalition proposed a 26 per cent tax on paper profits accrued by people who have assets of €800,000 ($1.3 million) or more and decide to relocate from Italy.
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