About 200 billion expatriates abroad – QuiFinanza

The value of the Wealth abroad By Italians it still exceeds i 200 billion Of the euro, a number that has certainly decreased compared to the past, thanks to a series of policies put in place by global tax authorities to reduce evasion, but it is still high for a country suffering from this epidemic and lacking in resources. This is what appears from the “Global Tax Evasion Report 2024” survey conducted by the EuTax Observatory, a working group of the Paris School of Economics led by economist Gabriel Zucman.

Indispensable resources for implementing tax reform, allocating resources to the most vulnerable groups, for schools or health care. Suffice it to say that 200 billion are approximately PNRR resources Bringing the topic of stocks back into the news.

To understand the problem, all we have to do is consider that Oxfam Italy has indicated that if a 2% tax were applied to the assets of the richest 0.1% of taxpayers, this would mean generating additional revenues amounting to about 16 billion euros annually.

A large slice of the GDP is taken from the country

Wealth hidden in tax havens would be equivalent 10.6% of the national GDP. Financial assets will amount to 9.8% of GDP, and wealth held in the form of real estate assets will amount to 0.8% of GDP.

Financial wealth evaporated

Specifically, the focus on our country appears to be the only one “Financial” wealth, i.e. stocks, bonds, fund shares and bank depositsthe Italians stole it to tax havens in Switzerland, Asia, Europe and America for equal amounts 196.5 billion From the euro. Among them, $181 billion is deposited in current accounts of offshore banks or in other financial assets, such as stocks, bonds, and fund units.

Of this number, 45.5%, or 82.6 billion people, fled SwissDespite the great strides that have been made in recent years to abolish banking secrecy; 33.8%, equivalent to 61.5 billion, fled to other countries'European Union Such as Ireland and the Netherlands. 14.6%, equivalent to 26.6 billion, flew Asia; 6%, equivalent to 11 billion, crossed the ocean and ended up America.

Wealth also invests in real estate (undisclosed)

The wealth of Italians was also used to make purchases without declaring themreal estate in specific locations For a total amount of 15.5 billion From the euro. The value of real estate purchased in French Rivera Up to 7.3 billion, of properties purchased a Paris To 3.7 billion, a London To 2.7 billion, a Oslo About 200 million, and outside Europe, a Dubai 920 million ed a Singapore To 140 million.

Other assets not included

Resources invested in others are missing Untraceable goodsFor example Gold, artwork, luxury cars, jewelry, yachts and private jetsthe. All the additional luxury goods that would bring the amount hidden in tax havens well beyond the $200 billion that constitutes a huge hole in the already alienated wealth.