Italy's Deputy Prime Minister has proposed a plan to "tax" money and valuables held by citizens in their private safety deposit boxes.
Don't be surprised if more people around the world start looking for a non-censorable, non-seizable asset to store their wealth in. 🔥
https://twitter.com/apompliano/status/1138803120119648258?s=21Lol
As a fellow Italian I suggest you an alternative way of looking at that.
G-Men are desperate for new funds.
Nobody in her right mind would voluntarily open her own security safe box just to be taxed.
So? How does it works?
If I work on the illegal economy, or simply I never paid my taxes because, you know, Im Italian, I have a LOT of cash I store there in the bank and I cannot use in the legal economy.
If I want to clean it I can take it off, being taxed on it (15%-20%) and deposit in the bank.
State money laundering, at a very competitive rate I also would add.