Italy on Wednesday introduced a flat tax for wealthy foreigners in a bid to compete with similar incentives offered in Britain and Spain, which have successfully attracted a slew of rich footballers and entertainers.
The new flat rate tax of 100,000 euro ($105,000) a year will apply to all worldwide income for foreigners who declare Italy to be their residency for tax purposes.
The measure, proposed in Italy's 2017 budget, is expected to immediately draw in at least a thousand people, according to local media.





























