Overview

• French Prime Minister François Bayrou criticized Italy for luring rich taxpayers with favorable terms, prompting an emphatic rebuttal from Italian Prime Minister Giorgia Meloni.
• Meloni labeled the charge “completely unfounded” and called for a European Union initiative to address systematic tax competition.
• Italy’s so‑called CR7 norm grants new residents with foreign income a fixed annual tax, now €200,000, for up to 15 years after its introduction in 2016.
• Independent data cited in the coverage indicate roughly 3,600 millionaires are set to move to Italy in 2025, with concentrations in Milan linked to sharp real‑estate price increases.
• Italy’s Court of Auditors reports about €315 million in revenue from the regime between 2020 and 2023, fueling criticism that it benefits the very wealthy while delivering limited fiscal gains.