No More Taxes for Sardinia’s Wealthiest
August 17, 2010The new governor of the sun-swept Italian island of Sardinia is repealing a tax on the mega rich that will benefit, among others, jet setters like billionaire Prime Minister Silvio Berlusconi.
Governor Ugo Cappellacci, the son of Berlusconi’s tax adviser, proposed a budget that repeals the tax on mooring luxury yachts and landing private aircraft on the island where the prime minister owns a holiday mansion.
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The luxury taxes, which opponents said scared away the rich and hurt tourism, were introduced under the previous centre-left governor, Renato Soru, who was ousted in elections last month. Berlusconi hand-picked Cappellacci out of virtual obscurity to run against Soru. His election victory triggered the resignation of Italy’s opposition leader, Walter Veltroni.
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Cappellacci is also expected to loosen restrictions on construction along Sardinia’s famous coastline, as long environmental protections are respected.
Via Reuters