Giovedì, 18 Ottobre 2018
MILAN

Italian government denies wealth-tax plan

English
© ANSA

Milan, November 12 - The Italian government on
Monday denied planning to introduce a wealth tax shortly after
Premier Mario Monti had appeared to suggest such a move was in
the pipeline.
Monti said at a Financial Times event in Milan that his
emergency technocrat administration would like "to introduce a
general tax on wealth" but added that it did not have the
"instruments" to be able to do so at the moment.
"Premier Mario Monti did not announce a tax measure on
assets at the Financial Times conference," said a statement by
the premier's office.
"He limited himself to explaining the decisions taken up to
now, it was not a premise for future interventions".
A wealth tax is a levy on the value of what a person owns,
such as property, shares and savings, rather than on their
income from labour or capital gains.
Monti has been criticised by many for hitting the poor, and
working and middle classes too hard with his emergency
technocrat government's austerity measures and not making the
wealthier groups of society pay more.

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