Introduces 'Luxury Tax' That Could Spell The End To GA In The
Country
The IAOPA says in its December newsletter that Italy has
introduced a new 'luxury tax' on private aircraft, which will have
a serious impact on the aviation industry and is likely to cost the
country more than it brings in in revenue. The new tax will be
levied on a sliding scale from €1.5 per kilogram (roughly a
dollar a pound) per year for aircraft under 1,000 kgs to €7.55
per kg (about $5 per pound) for aircraft over 10,000 kg, with
helicopters paying double.