Martedì, 16 Ottobre 2018

Government must make up 4 billion euros quickly


Rome, September 2 - Given the income shortfall the
government faces since eliminating the IMU property tax, it must
move fast to set new political priorities, Pier Paolo Baretta
said Monday.
At least four billion euros in revenues must be found in
the next month to make up for the money lost in last week's
major decision to drop the IMU tax, said Baretta, Italy's
economy undersecretary.
That demands a "political clarification on priorities," on
finding and spending government revenues, Baretta said in an
interview on Radio 24.
It also means that increases to Italy's value-added tax
(VAT) are going to be necessary at some point to make up
revenues lost with the IMU, he warned.
"You cannot avoid increasing it forever".

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