Martedì, 18 Settembre 2018

Berlusconi vows total IMU repeal in June


Rome, May 21 - Ex-premier Silvio Berlusconi on
Tuesday vowed that the contested IMU property tax would be
repealed outright in June.
"At the beginning of June, IMU will be repealed for the
future," said Berlusconi, whose center-right People of Freedom
(PdL) party forms the backbone of parliamentary support for the
new, cross-party government of Enrico Letta.
Centre-left Premier Enrico Letta's cabinet on Friday
approved a decree to suspend the June payment of the
controversial IMU property tax after weeks of threats from
"This is a first move of the government, it's only a
preview," said Berlusconi, who called repealing the tax
"fundamental to relaunching Italian growth and development".
IMU was instituted among a series of austerity measures
under former premier Mario Monti's emergency technocrat
government to restore health to Italy's public finances drained
by the euro crisis, which helped bring down Berlusconi's
government at the end of 2011.
It has been widely criticised for being too high and
unfair, as it is levied at an equal rate per square metre on
owners of plush downtown apartments and on low-income families
with flats in the suburbs.
Abolishing IMU and reimbursing the 2012 revenues from it,
which Berlusconi campaigned on leading up to February elections,
would create a hole of around eight billion euros in this year's

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