Alfano cries victory on Twitter over IMU tax cancellation
Deputy premier tweets 'mission accomplished'28 August, 19:31
Rolling back the tax means the government now must come up with new sources of revenue to make up for the resulting 2.426-billion-euro shortfall in 2013 alone.
"Mission accomplished! First home and farm tax for 2012 cancelled. The term IMU will now disappear from the dictionary," wrote Alfano. 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.