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The government is considering taxing gold to generate additional revenue. The objective is to identify and impose taxes on capital gains from investments in precious metals at a reduced rate compared to the current level. The object of desire being investment gold, specifically ingots, collectible coins, and plaques owned by Italians and valued at between €133 and €166 billion. Some members of the governing coalition are contemplating the implementation of a form of tax amnesty for tangible gold held by Italian households. Currently, the absence of purchase documentation results in a 26% tax rate being applied to the total value of the gold sold at the time of sale, rather than solely on the actual capital gain, even when there is no evidence of speculative intent. According to the proposal currently being finalized by parliamentary majority representatives, the initiative proposes reducing the tax rate to 12.5% for those who choose to commence the revaluation process for this secure asset by June 30, 2026, involving intermediaries and professional operators. The reduced gold tax will be paid by September 30, 2026. The new tax regime for investments in physical gold, as outlined in the proposal, would not only encourage the sale of the precious metal and thereby contribute to its integration into the Italian economy, but more importantly, it would promote the accumulation of wealth and ensure "immediate and substantial revenue for the Treasury".
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