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Italy’s Wealth Tax Clash Intensifies as Meloni Says It Will “Never” Happen

Meloni’s rejection now frames budget negotiations entering the amendment stage.

Overview

  • CGIL formalized a proposal for a 1.3% annual levy on net wealth above €2 million, estimated to raise about €26 billion from roughly 1% of taxpayers, and set a general strike for 12 December over the budget.
  • PD leader Elly Schlein backs a European‑level tax on the ultra‑wealthy and now stresses redistribution, arguing the Irpef changes chiefly benefit higher‑income households.
  • Giuseppe Conte distanced the M5S from a patrimoniale, calling it non‑resolutive and saying it is not on the movement’s agenda.
  • An Izi survey reported close to 84% support for a one‑off tax on fortunes above €10 million, with broad backing across voter groups.
  • The government closed ranks against any wealth levy, with Meloni’s public vow echoed by allies as Economy Minister Giancarlo Giorgetti defended the budget’s focus on incomes up to €50,000.