Locals had criticised the previous tax rules after rich expats buying property in Italy sent house prices spiking. Italy's government has approved an increase in the annual flat tax applied to income earned abroad by new fiscal residents in Italy. The annual fixed fee will jump to €200,000, from the current total of €100,000. Unpopular among locals, the tax arrangement is informally known as the "billionaires" tax or "the footballers scheme" - it is credited with attracting thousands of multi-millionaires to Italy. One high-profile individual who benefited from the system was Portuguese football player Cristiano Ronaldo, who moved to Turin...