Tag: European Commission

EconomyPolicy

Italy Proposes 50% Increase to Flat Tax for Wealthy Foreign Residents

Italy’s government is reportedly planning a significant increase to its flat tax scheme for wealthy foreign residents. The proposed 50% hike would raise the annual payment to €300,000 for those declaring foreign income while residing in Italy.

Italy’s Proposed Tax Increase for Wealthy Foreign Residents

The Italian government under Prime Minister Giorgia Meloni is reportedly planning to increase the flat tax on foreign income for wealthy individuals relocating to Italy by 50%, according to recent reports. Sources indicate the proposed change would raise the annual payment from €200,000 to €300,000 for those opting into the special tax regime.

by Sarah Collins
StartupsTechnology

Western Development Commission’s €100M Investment Fuels Deep Tech Growth in Ireland’s West

The Western Development Commission has reached €100 million in investments through its Western Investment Fund, focusing on deep tech as its strategic priority. Reports indicate the fund has leveraged over €500 million in additional capital while creating approximately 5,000 jobs across the region.

Regional Development Fund Hits Major Investment Milestone

The Western Development Commission (WDC) has reportedly reached a significant financial milestone, with its Western Investment Fund now totaling €100 million in deployed capital across western Ireland. According to sources within the organization, this evergreen fund has become a crucial financial vehicle for regional development, particularly for startup companies and small and medium-sized enterprises in the technology sector.

by Darren Holt