Skip to content
Search

Latest Stories

Modi tells Trump hopeful India, US will meet soon to discuss trade

INDIAN prime minister Narendra Modi told US president Donald Trump that he is hopeful that representatives from the two countries will meet again soon to discuss trade issues, the government said in a statement on Monday (19).

Modi expressed the hope that India's commerce minister and the US trade representative would meet soon to discuss bilateral trade prospects, the government said.


US and Indian trade negotiators ended talks in July without making major progress on a range of disputes over tariffs and other protectionist measures imposed by both sides that are straining bilateral ties, officials have told Reuters.

The two sides had resumed trade talks after Trump and Modi met on the sidelines of the G20 summit in June and agreed to seek to deepen the two countries' relationship.

(Reuters)

More For You

Italy flat tax wealthy Britons

Italy’s 2017 scheme lets eligible new residents avoid foreign income tax by paying a flat annual fee

iStock

Wealthy Britons swap Dubai for Milan under Italy's £259,620 flat tax regime

Highlights

  • Milan emerges as top choice for wealthy UK nationals leaving UAE.
  • Italy's flat tax allows foreign residents to pay €300,000 annually on overseas income.
  • Property prices in Milan surge 38 per cent over five years.
Milan has become the preferred destination for wealthy British expatriates abandoning Dubai following growing tensions in the Gulf region, with Italy's attractive flat-tax regime drawing the global elite away from the UAE.

Super-rich UK nationals are increasingly choosing the Italian financial capital over Dubai, attracted by a tax structure that allows foreign residents to pay just €300,000 (£259,620) yearly on all overseas earnings, a negligible sum for the ultra-wealthy.

Armand Arton, who advises multimillionaire families on relocation, explains the shift. "Italy has the best benefits: a flat tax and good quality of life," he told The Guardian.

Keep ReadingShow less