Cristiano Ronaldo has long been memory, pleasant or for some time for Jonet’s fans. Famous, loving and hateful, facilitating conversation is different, attracts the rich, which can currently be created. “Introduction of”CR7 standard“He brought Italy, especially with the clear impact in Milan. This facility is in favor of new capital and investment, which has helped to strengthen the role of the country in the luxury and finance market. However, the measurement is not all roses and flowers, and its privileged tax treatment is a matter of debate about our country.
SO -Cold “CR7 Standard” is a tax move that has been introduced in Italy in 2017, which aims to attract high -income subjects in the country. His name is derived from a famous footballer Cristiano RonaldoWhich was one of the first people to benefit from it after the transfer of joints in 2018. This is a subsidized government that guarantees new residents Flat tax on foreign source income. Compared to other countries, the strategy designed to make Italy competitive, which offers similar privileges. Over the years, this principle has attracted a growing number of people with high assets, especially MelonWhich has established itself as the main destination for these new taxpayers.
How does “CR7 Standard” work
The tax regime introduced in 2017 allows the NEO-residents to pay a fixed annual tax on the income generated abroad, regardless of the amount of earning. This facility is applied to a large amount of foreign sources, including bonds, shareholders, the sale of companies from the profit of capital and income or donations from succession. Starting from 2025, will increase the fixed tax cost 100,000 to 200,000 euros per yearHowever, maintaining a particularly beneficial situation.
Articles family members who are adhered to this government can benefit from the same low tax, just by paying 25,000 euros each year. The maximum period of this facility is 15 years and aims for people who have not been a tax resident in Italy at least 9 of the last 10 years. This barrier guarantees that the benefit is actually for people who move the country for a long time.
Effects in Italy: Milan At the Center for Attractive Extremely Rich
The adoption of “CR7 Standard” has had a significant effect, especially in Milan, where most of the wealthy new residents are concentrated. According to estimates, almost 4,500 people He joined the subsidy tax government, with more than half that selected the economic capital of Italy as a new residence. Milan has become an attractive pole for high finance professionals, businessmen and tenants, who set themselves in the city to handle their business in a special and safe environment.
The increase in the population limit has resulted in the launch of private and elite clubs, which are used as meeting locations for networking and business. Although the move includes other cities like Rome, Florence and Como, Milan is the favorite destination thanks to its financial infrastructure and business opportunities.
Criticizing the benefits and quality of the country
The arrival of new high -income residents brought something Benefits CheapEspecially thanks to the increase in consumption and investment. Many of these people are not just limited to living in Italy, but also open companies, invest in private equity funds and contribute Luxury real estate market. In some cases, international financial groups have also decided to open new branches in Italy with their managers moving to the country, with a positive response to local employment.
This principle gave rise to a number of criticisms, especially due to lack of tax growth. The possibility of paying a fixed amount on foreign income, regardless of it, has seen some people as favorable behavior with the richest. The real estate market also had some impact, which increased the demand for luxury homes. Experts indicate that its effect is limited to a limited extent of properties, and that the increase in housing prices in Milan is mainly due to other factors, such as a decrease in concessions for normal demand and brain return.
