A new income tax reform could be set to make a huge impact on transfers in Italian football, a report from Milan based newspaper Gazzetta dello Sport details.
It is being proposed that people, who come to work in Italy in any field, from abroad will be taxed at just 30% opposed to the normal tax rate of 43% so long as they have not lived in Italy for the past two years, have paid taxes wherever they have lived in that time and are signing at least a two year contract to work in the country.
This lower tax rate will be applied for five years, after which a person would be considered to have permanent Italian residency and therefore they would be taxed at the normal rate.
This reform will result in huge savings for football clubs in particular and will enable them to sign bigger stars for less.
In Inter’s case, this could help them in their pursuit to bring in Antonio Conte as their new manager. Although Conte is Italian, he qualifies on the basis that he has not resided in Italy for the past two years.
