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Italy mulling fund for taxes on Swiss-held capital

Government to submit draft amendment to budget bill

10 December, 19:25
Italy mulling fund for taxes on Swiss-held capital (ANSA) - Rome, December 10 - The government might submit a draft amendment to Italy's new so-called stability law or budget bill that will include setting up a fund to hold future exceptional tax measures, such as those levied on capitals held in Swiss banks following a bilateral agreement, sources said Tuesday.

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