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Global Business News

The Economic Times

Global Business / The Economic Times

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Italy says open to change planned 'exit tax' on the rich, after criticism

Italy's Deputy Economy Minister Maurizio Leo indicated that there may be changes to the proposed exit tax. This tax imposes a 26% levy on wealthy individuals transferring their tax domicile abroad. The levy applies to those holding financial investments exceeding 800,000. Criticism from tax experts and financial advisers has prompted discussions on the tax's structure. The government is open to dialogue regarding alternative proposals to the exit tax.

5 Nov 2026 5:55 pm