The Italian government, led by Romano Prodi, has challenged a tax on yachts
introduced by Sardinia’s governor Renato Soru.
Soru, the billionaire founder of Tiscali and now regional politician, made
the decision to tax rich visitors who visit Sardinia on yachts or own holiday
villas, the Independent reports.
Prodi, however, has opposed the tax because he argues that it is
unconstitutional and discriminatory, and could encourage other regions to raise
revenue locally and clash with the plans of central government.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals