13 pointsby andsoitis9 hours ago3 comments
  • T-A31 minutes 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.

    [1] https://ec.europa.eu/eurostat/web/products-euro-indicators/w...

    [2] https://en.wikipedia.org/wiki/Greek_government-debt_crisis#E...

  • ndisn2 hours ago
    > 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_Duck2 hours ago
      If your competitor is dumping (selling for an unsustainably low price) then competing your way to bankruptcy is not the right option
      • lotsofpulp34 minutes 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”.

    • ThePowerOfFuetan hour ago
      >Has France tried to compete instead of criticise?

      Yes, the last time being 2017:

      https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth

  • black_132 hours ago
    [dead]