further investigation finds:
"According to The Financial Times, under present laws, a new foreign resident, or a returning Italian who has lived abroad for at least nine years, can pay a flat tax of €200,000 per year on any overseas income and assets for up to 15 years while being completely exempt from inheritance tax on foreign assets during that time."
So it's a voluntary quid pro quo for shielding their foreign assets from inheritance (and income?) tax.
MarjorieR
npub154…0gwly
2025-10-17 18:27:27 UTC
in reply to nevent1q…vcdf
Author Public Key
npub154pctaljw8zq4qa8rgeut79tvw3qkxml6vyr58zz88qjz3q97tgqf0gwlySeen on
wss://relay.momostr.pinkPublished at
2025-10-17 18:27:27 UTCEvent JSON
{
"id": "d8bd2b47ddac9afd81470a5c07e9f32079f3a4c81552ecd8345824f2b4978d56",
"pubkey": "a54385f7f271c40a83a71a33c5f8ab63a20b1b7fd3083a1c4239c1214405f2d0",
"created_at": 1760725647,
"kind": 1,
"tags": [
[
"p",
"a54385f7f271c40a83a71a33c5f8ab63a20b1b7fd3083a1c4239c1214405f2d0"
],
[
"e",
"c32b821b0d9eec295a1aaf0db7ee1a91ab135f2e14a3643a9e8752d219b4c807",
"",
"root",
"505c52e214eea5a1d344ea4cb8d2923de27bddda4de2277277914bb8a1919a5b"
],
[
"e",
"7cecd1debaff35bb7e7be9ed7077945d4bbd4191e07c9f23dbbe18a9ccd8f28c",
"",
"reply",
"a54385f7f271c40a83a71a33c5f8ab63a20b1b7fd3083a1c4239c1214405f2d0"
],
[
"proxy",
"https://social.linux.pizza/@marjolica/115390916047200104",
"web"
],
[
"p",
"505c52e214eea5a1d344ea4cb8d2923de27bddda4de2277277914bb8a1919a5b"
],
[
"proxy",
"https://social.linux.pizza/users/marjolica/statuses/115390916047200104",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://social.linux.pizza/users/marjolica/statuses/115390916047200104",
"pink.momostr"
],
[
"-"
]
],
"content": "further investigation finds:\n\n\"According to The Financial Times, under present laws, a new foreign resident, or a returning Italian who has lived abroad for at least nine years, can pay a flat tax of €200,000 per year on any overseas income and assets for up to 15 years while being completely exempt from inheritance tax on foreign assets during that time.\"\n\nSo it's a voluntary quid pro quo for shielding their foreign assets from inheritance (and income?) tax.",
"sig": "4e556d7fea03342de66e09425222aa2cbb5c49bb5a3ec02f8216e9d938ccd550ef07452ce96698a43b00921c4a387b3f09d7d03a4b68bbabc4d8b947bc90b267"
}