Sabato, 20 Ottobre 2018

Union leader says Italy on 'verge of collapse'


Rome, June 12 - Recession-hit Italy's economic
and social situation is on the "verge of collapse" and needs
decisive measures, CISL trade union leader Raffaele Bonanni said
on Wednesday.
Bonanni said at the union's 17th annual congress opening
that the country needed "a fiscal shock" to bring it back to
The country's struggle with high taxes remains one of its
principle challenges to overcome for economic recovery to take
hold, Bonanni said on Wednesday.
The "mother of all battles, the mother of all our
troubles, remains the tax issue. We need to reduce income and
labor taxes," Bonanni said.
The leader of the country's second largest union
emphasised that companies investing and hiring young people and
the unemployed also need a tax break.
This would give a "strong boost to the economy and
consumers," he said.
Bonanni also encouraged Premier Enrico Letta's left-right
government to create family allowances and tax credits for low
wage earners.
"Resources come from flexibility.
"The government must stop further increases in local
taxes...and coordinate national and local taxation while
increasing the penalties for tax evaders," Bonanni said.

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