The series did a lot set up the murder. Tom is obviously fixated on Dickie's wealth, staring at his ring, counting along as a bank clerk doles out Dickie's cash, and opening his bank statement. To drive home the point, as Tom snoops through Dickie's things, he listens to a language tape that goes "How much money do you need? It's not enough... Whose is this? ... It's his. It's mine."
Only a couple hours after meeting Dickie for the first time, Tom is already in his hotel room practicing being him. Later, he dresses in Dickie's clothes and again practices being him. He also compares Dickie's passport photo to his own face in the mirror.
When Herbert fires him, Tom tries to prevent Dickie from seeing his father's letter, and then eavesdrops to find out the letter's contents. As he eavesdrops, Tom considers various methods of murder. The twist is that in his mind the situation is reversed, with Dickie planning to kill him. It was as if he was trying to justify or prepare himself for killing Dickie − "he deserves it because he would do the same to me". And figuratively, he thinks of himself as Dickie and wants to get rid of the old Tom.
We already know by then that Tom is a criminal and a sociopath. Dickie wanted to know what was in the suitcase from Carlo − stolen art (some rich guy loses a small part of his wealth) versus drugs or guns (a high likelihood of harm or death). Tom by contrast just didn't care.
In the movie, Tom is portrayed as a milquetoast loser who would be expected to beg and grovel, not resort to violence. He is never shown losing control of his emotions, lashing out in anger, being prone to violence, or having any real criminal tendencies, until suddenly he is.
The papers had only the one crappy photo because Tom spotted the reporter following him. He changed hotels and was able to avoid the press until leaving Palermo two days later. The press weren't on him before that because he was just a witness, not a suspect. He left Rome as soon as possible and they didn't have much reason to hunt him down until the boat was found.
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