Martedì, 16 Ottobre 2018

Retail association speaks out against VAT increase


Rome, June 19 - The president of retail association
Confesercenti Marco Venturi on Wednesday spoke out against a
rise in the top band of value added tax VAT and Tares, a
municipal tax on waste and local services.
"No to an increase of VAT and no to Tares," said Venturi,
slamming them as 'true development barriers'.
Silvio Berlusconi's People of Freedom party (PdL) wants to
avert a rise in the top band of VAT, from 21% to 22%, that is
scheduled in July after being put in place by the technocrat
administration of former premier Mario Monti.
The PdL has also threatened to pull the plug from Premier
Enrico Letta's broad coalition government if it fails to scrap
the unpopular IMU property tax and refund the revenues raised
from it in 2012 to respect a key pledge made during the
electoral campaign.
Economy Minister Fabrizio Saccomanni last week said
implementing each measure would cost four billion euros and the
total eight-billion-euro public cost would entail ''compensatory
measures of extreme severity, which at the moment is

Photo: Confesercenti President Marco Venturi

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