Domenica, 21 Ottobre 2018

Italy-Swiss tax treaty won't be in force before 2015


Geneva, February 22 - An Italian tax-treaty with
Switzerland - which Italian ex-premier Silvio Berlusconi
proposed using to scrap the much-hated IMU property tax - will
not go into force until at least 2015, according to
correspondence between Swiss politicians shown to ANSA on
Berlusconi was accused of trying to buy votes earlier this
month when he announced a "shock" proposal to wipe out the
property tax as part of the centre right's election campaign.
A subsequent campaign letter sent to millions of Italians
this week was mistook by many for an actual property-tax rebate
and prompted a legal complaint.
Berlusconi proposed financing the reimbursement of IMU
taxes paid in 2012 - as well as ditching the tax going forward -
by striking a deal with Switzerland to tax financial activities
there by Italian citizens, and by boosting tobacco and gambling
According to correspondence between Ada Marra, a member of
parliament for the Vaud Canton in eastern Switzerland, and the
Swiss Finance Minister Eveline Widmer-Schlump, the Swiss tax
treaty will not come into effect until at least 2015.
The IMU was introduced last year by outgoing Italian Premier
Mario Monti's emergency technocrat government to help Italy put
its public finances in order and ease out of its debt crisis.
IMU's predecessor ICI was abolished by Berlusconi's
2008-2011 government, a move which many, including Monti, have
said contributed to the financial crisis that forced Berlusconi
to resign as premier in November 2011.

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