I wonder how many other countries will do this too? https://www.reuters.com/article/us-italy-politics-budget-idUSKCN1TD0G5
But surely that cash and gold etc has already had tax paid on it. How can they just tax an asset that's already been taxed? (unless they can prove it's cash income that wasn't taxed)
My guess is they'll request proof that taxes have already been paid. A bigger concern might be if they go in and open all the boxes. Things might go missing or get misplaced in the process.
they might as well drain people's blood each time they come out of their home so that people can be tax to death
Italians normally have their safety deposit box buried in the garden under the tomato plants. Can't see how that will get taxed.
Whilst Italy maybe the home to modern day banking and Italians are happy to borrow from a bank, but sure as hell, won't trust them with their cash and valuables...
This is why we should keep all receipts and proof of date of purchases, tag all purchases. I can foresee that even gold bullion won’t be gst free forever. Only a matter of time. But when this happens, there will be a big move to silver and pt. No one will pay for 10-20% gst/vat for gold. Not at this price, people will rather buy silver.
