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Italy's 'CR7 Tax' Lures 3,600 Millionaires by 2025

7/4/2025

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Summary

Story summary

Italy is poised to welcome 3,600 wealthy individuals by 2025, positioning itself as the third most sought-after haven for millionaires. The enticing 'CR7 tax rule' offers a flat €200,000 tax on foreign income, sparking debate. While critics fear rising inequality and soaring property prices, supporters believe it will invigorate local economies.

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Story summary

Italy is poised to welcome 3,600 wealthy individuals by 2025, positioning itself as the third most sought-after haven for millionaires. The enticing 'CR7 tax rule' offers a flat €200,000 tax on foreign income, sparking debate. While critics fear rising inequality and soaring property prices, supporters believe it will invigorate local economies.