Martedì, 25 Settembre 2018

Monti's Civic Choice platform promises tax cuts


Rome, February 7 - The election manifesto of
outgoing Premier Mario Monti's Civic Choice platform includes
reductions to income tax and the regional levy on businesses, it
emerged Thursday.
The leader of Italy's technocrat government, an economist,
says he would slash income tax (IRPEF) by over 15 billion euros
by the end of the next parliament starting from taxpayers in the
low- and middle-income bands should he win the upcoming
elections on February 24 and 25.
He also intends halving the regional business tax (IRAP) on
private-sector companies by 2017, with a saving of over 11
billion euros for businesses.
These two measures would be covered by funds recovered in
the fight against tax evasion.
Monti has also confirmed his plan to extend tax breaks on
the new IMU property levy on primary residences.
Other proposals contained in the manifesto include
introducing a new kind of permanent job contract confirming
existing social-security benefits for employees but costing
employers less; tax reductions for companies employing young
people and women; and new measures in favour of paternity leave,
child care and care for the elderly.
In the event of election victory, Monti says he would also
sell off State property to the tune of 130 billion euros over
the course of the next parliament, which is scheduled to run
until 2018.
The premier has instead ruled out introducing a
much-contested wealth tax or further pension reform given
unpopular changes to the system made by his present government.
Meanwhile he has promised an increase in spending on
education to the tune of nearly 8 billion euros over five years
and the "rationalisation" of spending in the health sector.
Monti took office in November 2011 in an attempt to shore
up Italy's struggling economy at the peak of the sovereign debt
crisis in the eurozone.
He is now leading a centrist and largely Catholic formation
of reformers that is currently polling around 13%, behind the
centre-left coalition led by Pier Luigi Bersani's Democratic
Party (PD), followed by a centre-right bloc led by ex-premier
Silvio Berlusconi and the anti-establishment Five Star Movement
(M5S) of Genoa comedian Beppe Grillo.

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