Join us on 4 November for a webinar discussing recent tax developments in France and Italy and their particular impact on the financial institutions and asset management and investment funds sectors.
The French draft 2026 Budget seeks to tighten public finances by over EUR30 billion, roughly 1% of GDP, involving EUR17 billion in spending cuts and EUR14 billion in new taxes, including temporary taxes on top earners and a new 2% wealth tax on assets in holding companies not used for business purposes. The detail of the measures, and the process for agreeing the budget, remains a matter of ongoing political debate.
In Italy, the draft 2026 Budget proposes a number of changes, including a proposal to increase the flat tax for new residents by 50% from EUR200,000 to EUR300,000, with related increases for family members. It is also proposed to introduce a “sector contribution” on Italian banks and insurers intended to raise EUR4 to 4.5 billion via a range of measures.
If there are any specific areas you would like the speakers to cover, please use this link to let us know. Questions can be submitted anonymously.
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