Martedì, 25 Settembre 2018
ROME

Italian bill would add nine billion to government coffers

English
© ANSA

(ANSA) - Rome, October 15 - A bill proposed by the Italian
government would put nearly nine billion additional euros in
government coffers in 2013, the newspaper Il Messaggero reported
on Monday, citing a technical assessment of the bill.
The measure, which is called the 'Stability Law', would
increase the VAT tax for an additional four billion euros a
year.
The introduction of a tax on financial investment
transactions, known as the Tobin Tax, is predicted to bring in
1.1 billion euros.
The Tobin Tax is also expected to reduce the volume of
stock and derivatives transactions by 30% and 80% respectively.

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