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EUROPEAN TAX COMPETITION

The most astonishing trend in EU tax competition is the increase in the number of personal income tax schemes targeting foreign individuals.

The number of such schemes has increased from 5 in 1995 to 28 today.

A provisional ranking suggests that the most expensive are the Italian and Greek high-net-worth schemes
Italian and Greek high-net-worth-individual (HNWI) schemes, the Cyprus high-net-worth-Individual (HNWI) scheme and the Cyprus, Greece and Portugal pension schemes.

 

 

Apart from the differences amongst EU members regarding super #TAXhungryState due to an #overindebted and #state footprint of the economy and
the huge differences between the #worldwidetax regime and #territorial #remittance based regime,
the countries luring the super-rich with preferential tax deals increased more than fivefold, and the highest harmfulness scores are for #Greece #Italy #Cyprus #Portugal #Denmark #Luxembourg.
Curious to see the enlarged #PIGS list
For any professional independent advice in 25+ jurisdictions ask us either for individuals or corporations

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