Tag: Europe

EconomyPolicy

Italy Proposes 50% Increase to Wealthy Expat Flat Tax Amid Housing Concerns

The Italian government is reportedly planning a significant 50% increase to its flat tax scheme for wealthy foreign residents. According to sources, the measure would raise the annual payment to €300,000 while simultaneously providing tax relief for lower and middle-income workers.

Major Tax Shift for Wealthy Foreign Residents

Italy’s government is reportedly planning to increase the flat tax on foreign income for wealthy individuals relocating to the country by 50%, according to recent reports. Sources indicate the measure would raise the annual payment from €200,000 to €300,000 for those taking advantage of the special tax regime.

by Carter Wells
PolicyTrade

EU Pushes for Accelerated Plan to Tap Frozen Russian Funds for Ukraine Support

European Union heads of state are pressing for faster implementation of plans to use frozen Russian assets to support Ukraine’s defense efforts. According to documents obtained by financial media, the push comes amid increasing international pressure to find sustainable funding sources for Kyiv’s military and reconstruction needs.

EU Leaders Seek Faster Action on Russian Assets

European Union leaders are reportedly pushing for accelerated action regarding the utilization of frozen Russian assets to support Ukraine’s financial needs, according to documents viewed by financial media. The development comes as international pressure mounts to find sustainable funding mechanisms for Kyiv’s military and reconstruction requirements.

by Carter Wells