A significant impact on labor mobility and capital movements The new tax, known as an 'exit tax', applies to individuals who have relocated their physical residence from Italy after using it for at least six out of ten most recent income years. Excluded are stock options, bonds, state securities, and crypto activities; however, real estate remains listed under other forms of income. The tax only applies to financial incomes such as stock option profits, company shares, bonds, state securities, foreign currencies, precious metals, derivatives, and cryptocurrency activities. Immovable property is not considered excluded, producing different types of income. This rule is contained in Art. 307bis of the Tax Code (TUIR), inserted into the budget bill transmitted to the Chamber during parliamentary debate, and may vary during the legislative process.

The use of part of the surplus can be deferred until the sale, with an equal discount of 50% and guarantee. The expected technical report estimates a cost of €33.7 million for 2027 and €6.74 million annually from 2028 to 2031. This new tax represents a significant impact on mobility and capital movements. Anyone who has left Italy due financial reasons will have to pay this tax, even if they do not own the shares that generate the premium.

Moreover, the change in legislation has had a significant impact on the management of enterprises, which should be considered when developing plans for resource transfer or investments in new activities. The Italian government declared that this regulation is necessary to ensure the development of the European Union's economy and to maintain the competitiveness of Italian businesses. However, many experts have criticized the tax as a step backward in Italy's fiscal policy, arguing that it is more beneficial for companies than individuals. Some economists noted that the corporate tax can have a positive effect on economic growth by increasing consumer confidence and stimulating the economy.

However, others have highlighted that the tax may restrict the movement of capital and favor a network of wealthy individuals who maintain their residences abroad. The Maneuver 2027 brought with it significant changes to Italian legislation, but also profound changes in how enterprises manage their resources. The importance of this impact is evident, since the change in legislation has had a significant impact on labor mobility and capital movements, requiring a different approach to managing financial resources. END SOURCES