Is Italy becoming a tax haven for the wealthy? According to the Swiss magazine 'Le Matin Dimanche', yes - at least in the case of 62-year-old Swiss banker Renaud de Planta, who relocated to Tuscany, on the island of Elba, taking advantage of Italian laws favorable to wealthy individuals. Xavier Oberson, a lawyer and university lecturer, noted that in Geneva, someone with a fortune of 100 million francs and an annual income of 5 million "ends up paying, on this amount, over 3 million in taxes". "However, in Italy, the outstanding debt is resolved through a single payment of 200,000 euros". He claims that almost 1,500 taxpayers have already benefited from this opportunity. Additionally, Xavier Oberson points out that, in terms of real estate and cost of living, Italy is currently more appealing than Switzerland.