Sabato, 20 Ottobre 2018

Berlusconi says govt's tax doubts 'unacceptable'


(see related stories on taxes, Berlusconi)
Pontida, June 17 - Silvio Berlusconi on Monday said
that the doubts Premier Enrico Letta's government has expressed
about its ability to cut an unpopular property tax and avert a
1% rise on value added tax scheduled for July were
Berlusconi's People of Freedom (PdL) party is supporting
Letta's left-right government but it has threatened to sink the
executive if it does not scrap the IMU property tax and return
2012 revenues from it to respect a pledge made in the campaign
for February's general election.
The centre-right party also wants to avert a rise in the
top band of value added tax (VAT), from 21% to 22%, that is
scheduled for July after being put in place by former premier
Mario Monti's technocrat administration.
But Economy Minister Fabrizio Saccomanni has suggested it
may not be possible to scrap IMU and stop the VAT increase,
saying this would leave an eight-billion-euro hole in the
"It's unacceptable," Berlusconi said at the opening of a
clinic. "The government is struggling to find eight billion, but
what company cannot cut its costs by 1%?
"IMU is a damaging, unjust tax. We want it abolished,
almost as a symbol of the State making peace with the public.
"(As for VAT) the economists who have their heads on their
shoulders say that it would not generate greater revenues for
the State but reduce them".

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