Venerdì, 19 Ottobre 2018

Monti sees tax cuts coming in 2013 without need to raise VAT


Padua, February 5 - Outgoing Italian Premier Mario
Monti on Tuesday said that personal and corporate taxes would
have to gradually decrease in the coming year.
On the sidelines of a campaign event in Padua, Monti said:
"It is possible and necessary to have a gradual reduction in
Irpef (personal income taxes) and Irap (a regional corporate
tax) already in 2013 and it's not necessary to have increases in
value-added taxes".
Monti, who was brought in as head of a technocratic
government at the end of 2011 to help restructure Italy's
massive national debt amid worries the country was heading the
way of Greece, has been battered by political leaders of the
right and left for his tax policies, which critics say have
strangled Italy's economy.

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