Mercoledì, 19 Settembre 2018

Italian government wants to avoid raising VAT


(ANSA) - Luxembourg, October 8 - The Mario Monti-led
government "will do everything to avoid" raising the VAT rate
again, Economy Minister Vittorio Grilli said Monday.
Grilli, who spoke in Luxembourg outside a meeting of
eurozone finance ministers, said he was "quite confident" that
Premier Monti's government will be able to avoid increasing
value-added tax.
VAT was raised earlier this year to 21% from its previous
level of 20% to help deal with Italy's public-debt problems.
An additional 2% increase was planned for October in the
government's Save Italy austerity package introduced at the end
of 2011, but Monti's administration subsequently said this would
be delayed because of money raised by public spending cuts.

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