"No TARI, IMU or car tax": 4 hours from Palermo lies a true earthly paradise.

Near Palermo, a popular destination for those looking to save on taxes. Everything you need to know.

Tax havens are jurisdictions that offer extremely advantageous tax conditions on certain types of income. They are often characterized by a high degree of banking secrecy , attracting capital from countries with higher tax rates. They are frequently associated with tax evasion and avoidance practices.

Among the best-known tax havens are Monaco , Luxembourg, and Liechtenstein. Other examples include the Cayman Islands, Bermuda, Singapore , and, surprisingly to some, the United States, particularly in some states with lax tax laws.

Tax savings can be significant, with personal or corporate income tax rates approaching zero , or complete exemptions on interest and dividends. It's estimated that around 8% of global financial wealth is stored in tax havens , diverting billions of euros from national taxpayers.

Regarding Italians, it is estimated that approximately 11,000 citizens have transferred their residence to countries with preferential tax regimes while maintaining economic interests in Italy. However, Italian and international regulations are attempting to counter this phenomenon through information exchange agreements and presumptions of residency for those moving to such jurisdictions.

How much do taxes affect?

Families are subject to various taxes that significantly impact their budgets. The TARI (waste tax) finances waste collection and disposal services, and its average cost for a family of four is around €330 per year. The IMU (property tax) is levied on property ownership, excluding non-luxury primary residences; for a second home, it can cost several hundred or thousands of euros per year.

The car tax is a property tax levied on all registered vehicles, calculated based on the vehicle's power output and environmental class. Its cost typically ranges from a few dozen to several hundred euros per year. Overall, these taxes represent a considerable annual expense, which can exceed €1,000-€1,500 for an average family.

Many Italians go to Tunisia

More and more Italians are considering moving to Tunisia , attracted by a significantly more advantageous tax regime. The North African country offers significant benefits for pensioners , with tax rates of just a few percentage points on foreign income, well below Italian rates. This makes Tunisia an attractive option for those seeking a lower cost of living and greater purchasing power.

In addition to the tax benefits, Tunisia is geographically very close to Italy, facilitating travel and maintaining ties with the homeland. From some points in Sicily, the journey to Tunisia's interior can take up to four hours, including flights. This combination of tax advantages and geographic proximity makes it an increasingly popular destination for those deciding to leave Italy.