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T-A 2 hours ago [-]
Worth noting: at 137% [1], Italy is now over the debt/GDP ratio where Greece lost control of its public finances in 2009 (127%) [2] (and France is not all that far behind at 115%). Current tax rules are unlikely to remain in place if/when the next crisis hits.
> Italy has already been attacked by the French Government for using tax incentives to lure wealthy French and other international residents away
Has France tried to compete instead of criticise?
A_Duck 3 hours ago [-]
If your competitor is dumping (selling for an unsustainably low price) then competing your way to bankruptcy is not the right option
lotsofpulp 2 hours ago [-]
Seems like the US has figured it out:
>If you're paying a million euros of income tax a year in France, Italy is very tempting. As for US citizens, Americans are always taxable on worldwide income, so moving to Italy would not help their tax bill.
This characterization:
>selling for an unsustainably low price)
also applies to previous governments and voters that approved defined benefit pensions and retiree healthcare that needs ever growing populations to fund it.
I can see the situation just as easily be characterized as “avoid being liable for an unsustainable debt”.
ThePowerOfFuet 2 hours ago [-]
>Has France tried to compete instead of criticise?
[1] https://ec.europa.eu/eurostat/web/products-euro-indicators/w...
[2] https://en.wikipedia.org/wiki/Greek_government-debt_crisis#E...
Has France tried to compete instead of criticise?
>If you're paying a million euros of income tax a year in France, Italy is very tempting. As for US citizens, Americans are always taxable on worldwide income, so moving to Italy would not help their tax bill.
This characterization:
>selling for an unsustainably low price)
also applies to previous governments and voters that approved defined benefit pensions and retiree healthcare that needs ever growing populations to fund it.
I can see the situation just as easily be characterized as “avoid being liable for an unsustainable debt”.
Yes, the last time being 2017:
https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth