{"id":220556,"date":"2025-10-17T20:18:08","date_gmt":"2025-10-17T20:18:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/220556\/"},"modified":"2025-10-17T20:18:08","modified_gmt":"2025-10-17T20:18:08","slug":"italy-set-to-lift-flat-tax-for-wealthy-new-residents-by-50","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/220556\/","title":{"rendered":"Italy Set to Lift Flat Tax for Wealthy New Residents by 50%"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Italy plans to increase by 50% a levy on foreign income for wealthy new residents who\u2019ve flocked to the country to take advantage of the tax break.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The \u20ac200,000 ($233,570) a year <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-02-27\/ultra-wealthy-drawn-to-italy-lured-by-tax-break-official-says\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">payment<\/a> \u2014 which exempts people moving to the country from taxes on overseas earnings, gifts and inheritance for 15 years \u2014 may rise to \u20ac300,000, according to people familiar with the matter. The measure is part of Italy\u2019s budget plan for 2026 that the cabinet is called to approve as soon as Friday, the people said, asking to not be named as the plan isn\u2019t public. <\/p>\n","protected":false},"excerpt":{"rendered":"Italy plans to increase by 50% a levy on foreign income for wealthy new residents who\u2019ve flocked to&hellip;\n","protected":false},"author":2,"featured_media":220557,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2923,45,49,48,16326,46,893,4996,4472,1259,39295,89972,8909,127,1822],"class_list":{"0":"post-220556","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-billionaires","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-earnings","13":"tag-economy","14":"tag-government","15":"tag-italy","16":"tag-london","17":"tag-middle-east","18":"tag-milan","19":"tag-tax-cuts","20":"tag-taxes","21":"tag-united-kingdom","22":"tag-wealth"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/220556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=220556"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/220556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/220557"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=220556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=220556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=220556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}