Update
Italy Private Aircraft Tax - update
Jan 30: Just before Christmas, Italy published plans to tax all visiting Private aircraft that stayed longer than 48 hours. The figures were astonishingly high - for a private Gulfstream G-IV the annual tax would be about $320,000 USD. Don't panic yet. The law is still not in effect, this cannot happen before March 1st - but even at that point, there will be a significant amount of judicial challenges that will likely delay it for a long time, or better still, reject it altogether. Stay tuned.