Lunedì, 22 Ottobre 2018
TURIN

Zanonato reiterates IMU, VAT vows

English
© ANSA

Turin, July 8 - Industry Minister Flavio Zanonato on
Monday reiterated the government's pledges to avert a 1% rise in
VAT and cut the IMU property tax on Italians' first homes and
industrial and commercial facilities.
The issue of whether to cut IMU or rather scrap it
altogether and pay back last year's take - as pledged by
ex-premier Silvio Berlusconi in the February election - has
threatened to undermine Italy's unprecedented left-right
government since it was formed in May.
Ministers have said it will be hard to find the money to
cover Berlusconi's pledge and meet EU budget targets but his
People of Freedom (PdL) party have insisted it is a deal-breaker
for its alliance with the centre-left Democratic Party (PD).
Premier Enrico Letta of the PD has promised to "supersede"
IMU and avert the VAT hike by the summer recess.
A government summit will address the issue Wednesday. The
media has speculated a sell-off in government assets could be
used to find the cash and also start bringing down Italy's huge
debt.
Zanonato said Monday cutting IMU on factories, shops and
other commercial properties would give the economy a much needed
shot in the arm.
Italy is in its longest recession in more than 20 years.

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