The number of ultra-wealthy taking up residency in Italy may surge this year. The influx of high-net-worth individuals is due to a new tax program for residents, Bloomberg reports. Known as the “New Resident Regime,” which the Italian government introduced in 2017, foreigners who establish a residence in the country can cap their income tax on worldwide income at €100,000, or US$114,000. Establishing a residence entails buying or renting a home, without a minimum investment …