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Brain drain? Between tax benefits and remuneration levels experts discuss the return of expats

Brain drain? Between tax benefits and remuneration levels experts discuss the return of expats

Paolo Borghi

πŸ“ŠThe Expat City Ranking 2023 was recently published by InterNations, the world's largest expat community, which sought to identify what challenges and concerns are most felt in our country.

Among the issues are bureaucratic constraints, difficulties in finding accommodation, salary levels, poor career opportunities and a quality of life that does not meet expectations.

Paolo Borghi, one of the experts interviewed by Adnkronos for an in-depth study on the subject, emphasises the imminent 'tightening' of the tax regulations for 2024 in Italy: 'the reduction of the tax base from 70% to 50% has been reduced, with a maximum ceiling of 600,000 euro, without specifying whether annual or for five years. In addition, applicants must not have been resident in Italy in the previous three years and must commit to being tax resident in our country for at least five years (from the current two years), the activity must be performed for the majority of the time on Italian territory. The draft law provides for the non-application of the benefit in the event of a transfer to Italy within the same group'.

πŸ“Œ The full article is available here.