4 ms·
That's low in Italy where the we are used to 50% taxes.
by Lucadg 7y ago
That's low in Italy where the we are used to 50% taxes.
- sokoloff 7y agoNot on wealth, you're not. Assets sitting in a safety deposit box are wealth, not income. Wealth taxes, where assessed, are typically low single digit percent or sub-1%.
- tecleandor 7y agoThis isn't about wealth. They say in the news that they are talking about undeclared income hiding in safes.
- sokoloff 7y agoAh, so it's an income tax evasion holiday (or dirty money cleaning service fee). Article positioned it like it was a wealth tax (that would apply to legitimate savings as well as ill-gotten gains in safety deposit boxes).