Italy's government plans to hike taxes on short-term rentals by people letting out more than one flat, a draft of the 2024 budget seen by Reuters showed on Saturday.
The government is desperate after money. The country has an enormous public debt, part of it systemical, part due to the previous populist government which distributed money carelessly (in a Perón style dictatorship). Short term rentals makes people exploit having houses in historical cities (or neighborhoods) to profit, which is a quite a nasty way to make money at tourists’ expenses, damaging the already existing receptive industry which is already regulated and taxed. I’m not defending this government but this is one of the few bits of the economic budget law that makes sense.
The government is desperate after money. The country has an enormous public debt, part of it systemical, part due to the previous populist government which distributed money carelessly (in a Perón style dictatorship). Short term rentals makes people exploit having houses in historical cities (or neighborhoods) to profit, which is a quite a nasty way to make money at tourists’ expenses, damaging the already existing receptive industry which is already regulated and taxed. I’m not defending this government but this is one of the few bits of the economic budget law that makes sense.