Tax twists throw luxury market in disarray


Jeweller Mattia Cielo opened his exclusive boutique on top Italian luxury street Via Montenapoleone last October, only to see the flow of clients peter out after the government curbed the use of cash.

So when Rome bowed to pressure and scrapped the 1,000-euro (US$1,300) limit on cash use by foreigners after only eight weeks, Cielo uncorked a bottle of champagne in celebration.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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