Audit Court sees risks

Taxpayers, social security will end up burdened

(ANSA) - Rome, February 26 - Italy's Audit Court said Friday that if 2015 tax incentives to employers don't translate into new permanent jobs, the fallout will be on the taxpayer's dime. "If there are no actual employment increases...a further increase in public sector transfers will become necessary, and it will be up to the State tax office to provide them," the Court said in its 2013-2014 report on the INPS pensions and social security agency.
    As well, the Court expressed concern that if companies decide to lay people off after the three years of incentives are up, this will also create a further burden on the welfare system.