Venerdì, 19 Ottobre 2018

Industrial employers call for income tax cuts


(ANSA) - Rome, September 5 - Italy's industrial employers
confederation Confindustria on Wednesday called on the
government to cut income taxes to boost flagging demand in
recession-hit Italy.
"It's certainly necessary to work to take taxes off
salaries to stumulate consumer spending and return to growth,"
Confindustria Giorgio Squinzi told Mediaset television before a
meeting between business associations and Premier Mario Monti
later in the day.
"Stimulating domestic spending is the most direct way to
boost growth. The decline in Italian industrial output is mainly
linked to the fall in domestic consumption, which is due in
particular to taxes".
Squinzi added that a "boiling hot autumn" of tension had
already begun because of the economic crisis and bemoaned the
lack of a "clear industrial policy".
Monti's emergency government of non-political technocrats
introduced a number of tax hikes in its December austerity
package designed to put Italy's public finances back in order.
The Bank of Italy has said the tax burden in Italy is now
unsustainable in the long term, but the government has ruled out
tax cuts in the near future.

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