Italy Copies France's €800,000 Exit Tax

If you live in Italy with 800,000 euros or more in investments, leaving could soon cost you 26 percent of gains you never sold. It is a proposal in Italy's draft budget, not law, and parliament can amend it before the final vote, normally by the end of December, to apply to people who move abroad from January 1, 2027. Article 17 of the draft would tax the paper gains of anyone who lived in Italy for six of the last ten tax periods and owns assets and rights worth 800,000 euros or more. Move t...