Economy / Religion

Luxury no more welcomed in Italy

Believe it or not, in Ancient Rome there was a heated debate about the Leges Sumptuariae, which targeted luxury goods to protect the economy and the traditional morality.

The Dolce Vita ? Only in Fellini’s and Sorrentino’s movies, thank you.

While Pope Francis and his Cardinals in their homilies attack more and more frequently the wealth, the Italian Revenue is ready to activate the infamous “expenditure-meter”, an algorithm measuring the expenditures of taxpayers and targeting luxury ones in order to identify suspected evaders.

The Monti Government introduced a controversial tax on luxury boats, which allegedly led many yacht owners to move them to foreign ports.

Italy is one of the leading producers of luxury boats and luxury goods in general.

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