Italy plans to levy a 26% tax on wealthy individuals leaving the country; ruling allies call for changes
2026-11-09 21:23:19
According to CoinMeta, Italian Prime Minister Meloni plans to impose a 26% tax on wealthy individuals leaving Italy. However, an important member of her ruling coalition warned that the proposal must be modified to avoid scaring away investors. Stefania Craxi, the leader of Meloni's ruling ally, the Forza Italia party in the Senate, stated, "The principle is correct. Wealth created in Italy should be taxed in Italy. But after studying this proposal, we believe it is absolutely necessary to make adjustments." She added, "We are working on amendments because this tax must not be seen as a burden that hinders investment." Meloni's latest budget proposal includes a departure tax that requires individuals with financial assets exceeding 800,000 euros (about $900,680) to pay a 26% tax on unrealized capital gains when moving their tax residency abroad. This tax is expected to generate only a few million euros in revenue each year and is one of Meloni's measures to win over voters dissatisfied with rising prices in preparation for next year's elections. However, it may also undermine Italy's years of efforts to attract wealthy individuals through favorable tax regimes.
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Source:Jin10 Data
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