Martedì, 23 Ottobre 2018

Coalition meeting start in Rome to look at IMU and VAT


Rome, July 18 - Coalition meetings being held in
Rome on Thursday are set to look at possible solutions for the
unpopular property tax called IMU and equally unpopular proposal
for a rise in the country's value-added tax (VAT).
Economy Minister Fabrizio Saccomanni will present a series
of proposals cobbled together with economy experts, government
sources said.
Italian Premier Enrico Letta earlier this month announced
the government's top political priority was to staunch the
creeping VAT and to make cuts in the loathed IMU.
The property tax was reinstated by ex-premier Mario
Monti's technical government last year to address a crisis in
public finances.
Former premier Silvio Berlusconi promised to cancel IMU
and pay back last year's take during the campaign for February's
general election, which resulted in an unprecedented left-right
coalition between his People of Freedom (PdL) party and Letta's
Democratic Party (PD) to break a stalemate.
PdL lawmakers have staked their political reputation and
support for Italy's unprecedented right-left government on the
two tax measures.

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