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Wednesday, October 10, 2012

Italy PM Monti announces surprise income tax cut


Italy PM Monti announces surprise income tax cut

Oct 10, 2012 , 07:25 AM , from yahoo
italy pm monti announces surprise income tax cut
ROME (Reuters) - Italy's government unexpectedly cut income tax rates for the country's lowest earners while promising to stick to the budget goals it has agreed with the European Union. After an eight-hour cabinet meeting that ended early on Wednesday, the government said it would also halve a planned increase in sales tax rates to a single percentage point. Italy holds parliamentary elections in about six months. "Today we can see that budget discipline pays and makes sense" because "we can allow ourselves some moderate relief," Prime Minister Mario Monti told reporters after the meeting. ...





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