Venerdì, 19 Ottobre 2018

IMF endorses Italian tax bill


(ANSA) - Rome, October 1 - The International Monetary Fund
on Monday threw its support behind a tax bill currently under
review in the Italian parliament.
The bill is aimed at simplifying the Italian tax system and
making it easier to enforce, among other reforms.
Italy's technical government led by Premier Mario Monti
approved the measure in April as one of a series aimed at fixing
Italy's public finances and its economy.
The IMF said Monday that the tax bill will make a
"significant improvement" to Italy's tax system - strategically
and structurally - but would not remedy the country's high
taxation on labor or improve the limited reach of its value
added tax, or VAT.
The IMF praised the tax bill for increasing the
transparency of the system through enforcement reforms, for
assessing property taxes on truer market values than currently,
and for streamlining its treatment of business revenues.

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