Accesible también en línea a través de la Biblioteca del Instituto deEstudios Fiscales. Conclusión. Resumen.

The end of globalization, following the Brexit and Trump.s election, is having immediate repercussions also on the approach of States on tax policies. Although the international community is still engaged in various multilateral projects (e.g. Base Erosion and Profit Shifting (BEPS), etc.), in therecentyears various States, especially in the European area, have unilaterally introduced optional tax regimes specifically designed to attract foreign individuals, reopening a new phase of (lawful) tax competition. Italy has recently aligned with this trend by introducing significant amendments to its immigration and tax rules aimed at permitting a .fast-track. visa procedure for relevant foreign investors and a fifteen-year long exception to theworldwide income tax principle, which allows for the payment of an annual flat tax of EUR 100,000 (plus EUR 25,000 for each family membertransferring to Italy with the main applicant) for foreign-sourced income in lieu of the standard progressive tax rates. This measure, which is very interesting also because it allows .new Italian residents. to start accumulating the years necessary for applying for citizenship, appears compatible bothwith EU law and Italian constitutional principles, and guarantees a coordination with the double tax treaties in forcé.