Italy’s ‘exit tax’ plan spooks rich expats

Italy's new government, led by Giorgia Meloni, has proposed a special "exit tax" targeting wealthy expatriates who plan to leave the country. This tax, slated for implementation in the 2027 budget, aims to generate additional revenue and curb capital flight. The proposal has caused unease among the affluent community, sparking concerns about its implications for residency and investment decisions. This move underscores the government's focus on financial measures to bolster the national economy amidst economic challenges.