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Italy's Meloni government proposes exit tax on wealthy individuals leaving the country
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Italy's 2027 budget bill, currently under parliamentary review, proposes an exit tax targeting large fortunes that decide to leave the country. The measure would mark a shift from a decade-long policy aimed at attracting ultra-wealthy tax migrants to Italy. Unlike other major European economies, Italy has so far lacked such a tax. Under the current proposal, financial income earned during residency in Italy by individuals above a threshold of 800,000 euros would be taxed, with only latent capital gains subject to a 26% rate. Wealth advisory firms reportedly view the measure as a potential concern for their clients. The policy adjustment comes ahead of legislative elections expected in 2027, with the positive effects of the previous attraction strategy described as difficult to identify.
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Giorgia Meloni, Italian Prime Minister, in Rome, November 3, 2026. CECILIA FABIANO/LAPRESSE/AP
Over the past decade, successive governments in Rome have worked to make Italy a destination of choice for the ultra-wealthy navigating the international routes of tax optimization. However, with legislative elections expected in 2027 approaching, this policy choice—whose tangible positive effects remain elusive—is now subject to a notable adjustment. According to the 2027 draft budget law currently under parliamentary review, Italy could add an "exit tax" to its fiscal arsenal—a levy targeting large fortunes that decide to leave the country.
Unlike other major European economies that have adopted measures of this kind, Italy has so far lacked one. Seen by the firms advising the many wealthy tax migrants who have chosen the country as likely to raise their clients' concerns, the measure, in its current form, plans to tax financial income earned during the period of residence in Italy by individuals above a threshold of €800,000. Only latent capital gains would be taxed, at a rate of 26%.
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Politique : Toute l’actualité sur Le Monde.fr.Western
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Italy's Meloni government proposes exit tax on wealthy emigrants in 2027 budget