Italy has doubled its flat tax on foreign income for affluent new residents, a move seen by many as a typical EU tactic, further eroding its credibility. The flat tax, previously set at €100,000 annually, exempted new residents from taxes on overseas earnings, gifts, and inheritance for 15 years. Now raised to €200,000, this policy change has sparked controversy, particularly in Milan, where the influx of wealthy individuals has driven up real estate prices and living costs. Despite the increase, Finance Minister Giorgetti maintains that the tax remains attractive to wealthy foreigners.