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Italy doubled its flat tax on wealthy foreigners to 200,000 euros ($217,000), responding to concerns about market disruption in luxury real estate hubs like Milan.—David Faris, Newsweek, 2 Nov. 2024 In 2020, a constitutional amendment to change the flat tax to one with higher rates on higher earners was rejected by voters.—Greg Bishop | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 2 Nov. 2024 Italy this summer doubled its flat tax on the overseas incomes of wealthy foreigners who transfer their tax residency to Italy, to 200,000 euros ($217,000).—Robert Frank, CNBC, 1 Nov. 2024 In the summer, Italy doubled the flat tax paid by wealthy individuals on their income earned overseas.—Byprarthana Prakash, Fortune Europe, 30 Oct. 2024 See all Example Sentences for flat tax
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