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"Under the new measure, people realising capital tax gains of more than C$250,000 ($180,804) will pay tax on the excess at a rate of 66.7%, up from 50% at present. Similarly, all capital gains realised by companies and trusts will be taxed at 66.7%."

daniele 1y ago

In Italy a normal company or professionist is taxed *always* ~66%. I know, it's crazy.

There are some exceptions for new companies and young people with an income lower than €85.000.

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Discussion

corndalorian 1y ago

And assuming the Italian government runs itself and its programs as efficiently (or rather, as inefficiently) as other governments, then it's insane to entrust such a high proportion of one's own wealth to them.