Squinzi says happy if IRES cut pledge is true

(ANSA) - Rho, October 5 - Giorgio Squinzi, the president of industrial employers' confederation Confindustria, said Monday that he will be happy if Premier Matteo Renzi keeps his pledge to cut the IRES business tax, but he also suggested that he will only believe it when he sees it. "We'll be really happy if the taxes are cut, but let's see if they really are cut," he said. Renzi's government has also promised to scrap the IMU property tax on household's first homes in the 2016 budget law.