Domenica, 21 Ottobre 2018

Govt to meet over cutting back IMU property tax


Rome, August 28 - The fragile Italian government is
set to meet Wednesday to finalize a deal over the future of a
controversial property tax known as IMU, after late meetings a
day earlier seemed to have produced an agreement between
center-left and center-right partners in the cabinet to scrap
the tax and fulfill a campaign promise of ex-premier Silvio
"The biggest agreement possible has been reached, an
agreement that will be perfected in the coming hours by the
cabinet. This discussion over IMU will definitively end today.
The agreement reached is to readjust the tax," said Nicola
Latorre, a Senator with the centre-left Democratic Party (PD).
"A very large part of the population will be excluded from
paying, while the rest will have to pay progressively adjusted
amounts. The details will become clear in the final accord".
Berlusconi and his supporters have threatened to bring down
the government of Premier Enrico Letta since its founding in
April if it failed to roll back the tax, a central plank in his
campaign platform in February elections when his centre-right
People of Freedom (PdL) party roared to second and ultimately
won a junior partnership in the current left-right coalition.
PdL House whip Renato Brunetta said after talks late
Tuesday that the government was looking for ways to cover the
revenue lost from the tax, something Economy Minister Fabrizio
Saccomanni has long said the country could not afford.
Revenue proposals include new taxes on things such as
gambling, alcohol and tobacco, as well as spending cuts.

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