Italy Plans a New Tax for Wealthy People Who Leave the Country

Prime Minister Giorgia Meloni wants to tax rich residents who move abroad, but the plan is making some expats nervous.

Italy is looking at a new plan that would change how taxes work for very wealthy people who decide to move away. This is often called an "exit tax." Right now, Italy has special rules that make it cheap for rich people to live there. These rules are meant to bring in wealthy people from other countries. However, Prime Minister Giorgia Meloni’s government is now suggesting that these people might have to pay a fee if they decide to pack up and leave. This news has made many wealthy expats—people living in Italy who were born elsewhere—quite worried. People move to countries for financial st…