Europe

Tax dumping: the cash response from Giorgia Meloni to the accusations of François Bayrou

Beginning of tensions between Italy and France? François Bayrou’s last outing on the “Tax nomadism” and the “Dumping policy” Organized by Rome in any case did not please its Italian counterpart. This Monday, September 1, Giorgia Meloni reacted strongly to the remarks made by the French Prime Minister during his interview with the four continuous information channels this Sunday. INterrogé on the Zucman tax (which provides for a 2 % floor tax on the heritage of “ultra-rich”), he attacked Rome, Accusing him of pursuing a fiscal competition policy in order to seduce chilly fortunate taxpayers of having to go through the French tax fund.

“The completely unfounded affirmations of the French Prime Minister François Bayrou according to which Italy would practice a” tax dumping “penalizing France are astounding”, retort Giorgia Meloni. And to continue: “Italy does not apply unjustified tax incentives to attract European companies and, with this government, it has even doubled the flat -rate taxation in force since 2016 for natural persons transferring their residence to Italy. »»

Bayrou “not informed”?

According to Giorgia Meloni, it would even be a situation contrary to that mentioned by François Bayrou who should be considered. “” Italy has been penalized for “European tax havens”, which deprive our public funds for important resources! »» affirms the head of the Italian government, for whom Italian economy is “” attractive and efficient ” above all “Thanks to the stability and credibility of (its) nation “.

For Matteo Renzi too, Bayrou is mistaken. “My friend François is clearly not informed. It is not Italy that practices dumping ”, reacted the Senator Florentin and leader of the Democratic Party (PD). And conclude: “” The French government should learn to distinguish its allies from its enemies ! »»

If Italy disputes such allegations, the country has benefited since 2017 since 2017 from a particularly attractive and favorable tax regime for large fortunes: a flat -rate tax on income collected abroad, initially set at 100,000 euros. A fiscal contribution enhanced, however, at 200,000 euros since August 2024, as argued by the head of the Italian executive in his response addressed to his counterpart François Bayrou. Other European countries, such as Greece and Portugal, have also established for several years tax exemption diets attracting many foreign capital on their soil.