Sardinia wealth taxes

The government in Sardinia has  revealed that it’s planning to impose punishing wealth taxes on billionaire visitors such as Princess Caroline of Monaco  or Roman Abramovich (owner of Chelsea football club) who come to the island. Second homes  belonging to foreign visitors will attract a special council tax, and there will be  stiff new taxes on  visiting yachts and  private aircraft. It’s estimated that 150,000 villas will be affected by the new rules. Among those hardest-hit would be Silvio Berlusconi (right), Italy’s billionaire prime minister, who owns seven villas on the Emerald Coast, including the 27-bedroom La Certosa outside Porto Rotondo.