Giorgio Squinzi, head of
employers' group Confindustria, said about Premier Matteo
Renzi's promised tax 'revolution' Friday: "We root with all our
might for someone who says he's cutting taxes.
"The important thing now is to find ways to finance this
reduction," he added.
Renzi said Tuesday that the municipal service tax TASI and
the IMU property tax will be abolished "for everyone" next year,
followed by cutting the IRES business tax in 2017 and reducing
IRPEF personal income tax in 2018.
The government is also mulling tax breaks to help the
struggling south of Italy, Economy Minister Pier Carlo Padoan
said.
Padoan said the tax cuts would be funded by spending cuts.
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