Italy continues to be the leading destination for individuals with a minimum liquid investable wealth of $1 million, despite recently doubling its flat tax to €200,000 per year. Experts believe this tax increase will have minimal impact on ultra-wealthy individuals with a net worth of at least €7 million. Vito Di Pede, a tax advisor at Milan-based Studio Rock, anticipates around 2,200 high-net-worth individuals will relocate to Italy this year, drawn by its favorable conditions.
The Italian tax regime allows for a flat tax to apply for a 15-year period, with the option to extend it to family members at an additional fee of €25,000 per person.
In Switzerland, a new proposal seeks to introduce a 50% inheritance tax on assets exceeding 50 million Swiss francs, aimed at financing the country’s green initiatives.
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