The Italian government aims to use these clement fiscal policies to reduce the extreme gap between the north and south of the country. Italy is no exception, and has in fact recently eased its tax legislation even further in response to the financial crisis. The countries make no secret of the fact that these appealing tax regimes are designed to attract wealthy families who spend and invest massively. Italy? A tax haven under the sun… Over the last decade, numerous European countries (in particular Portugal, Malta, Cyprus and Greece) have introduced advantageous tax regimes in a bid to capture a clientele of HNWIs (High Net Worth Individuals).
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