Türkiye’s 20-year foreign income tax exemption has officially entered into force. After being approved by Parliament in May, the measure has now been published in the Official Gazette as Law No. 7582, completing the legislative process and providing greater certainty for investors, entrepreneurs, and internationally mobile individuals considering a move
Turkey has moved one of its most closely watched tax reforms a significant step forward. On May 21, 2026, Turkey’s Parliament passed legislation granting eligible new residents a 20-year exemption from Turkish taxation on qualifying foreign-source income, alongside a preferential 1% inheritance and gift tax rate. The measure forms part
Samoa has been removed from the European Union’s list of non-cooperative jurisdictions for tax purposes after implementing reforms aimed at aligning its tax and regulatory framework with international standards. The decision was confirmed by the Council of the European Union on 17 February 2026 as part of the bloc’s latest
On April 24, 2026, President Recep Tayyip Erdogan announced a new investment and tax reform package at the Türkiye Century Strong Center for Investment Program in Istanbul. The package includes a proposed 20-year exemption from Turkish tax on foreign-source income and capital gains for eligible individuals relocating to Turkey. The
New York is moving to tax something wealthy investors have relied on for decades: owning property without living in it. On April 15, 2026, New York City Mayor Zohran Mamdani and Governor Kathy Hochul announced a proposal for a pied-à-terre tax targeting high-value second homes. The measure would apply to
Switzerland is once again emerging as a preferred destination for global capital, but this time, the shift is being driven by geopolitical tension in the Middle East. Recent reports show that wealthy individuals, family offices, and companies based in the Gulf, particularly in Dubai, are increasingly turning to Zug, a
Uruguay has introduced major changes to its tax residency framework under Budget Law 20.446, effective January 1, 2026. The reform increases the minimum investment required to access the country’s tax holiday to approximately US$2 million and expands the scope of taxation on foreign income to 12% for residents who do
A new survey of wealthy Americans shows that about one third of U.S. millionaires say they are now more likely to consider leaving the United States following the return of Donald Trump to the presidency. The findings highlight how concerns related to foreign policy, economic conditions, and domestic divisions are
As of 2026, Malta continues to be one of the more resilient and actively growing economies among European Union member states. Recent statistics and forecasts show that output levels, labour market indicators, and international rankings place Malta in a strong position relative to broader EU performance. This overview sets out
Italy has officially increased its special flat tax regime for wealthy new tax residents, raising the annual lump-sum tax to €300,000, effective January 1, 2026, as part of the 2026 Budget Law, which was formally approved on December 30, 2025 and published in the Official Gazette. What Changed in the
