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Italy's New Wealth Tax Is Sending a Loud Signal to Investors

BLOOMBERG · Tommaso Ebhardt ·

Giorgia Meloni’s proposed exit tax on wealthy people leaving Italy has an obvious political goal: courting populist voters in her last budget before next year’s general election. The problem is that it has gone down badly with the investors and business leaders whom she needs onside to help solve her county’s financial problems. It’s an unenviable balancing act.

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