Italy must cut debt by acting on tax breaks, bonuses - IMF

(ANSA) - ROME, APR 19 - Italy must cut its big public debt by acting on tax breaks and bonuses, the International Monetary Fund (IMF) said Friday.
    Italy must act fast to reduce its debt and can start by reducing deductions, avoidance and anti-inflation aid, said Alfred Kammer, director of the IMF's Europe department, in response to a question on the type of 'credible adjustment' required of the country.
    "At the top of the list are tax cuts many of which are inefficient, the superbonus is one example but there are others," Kammer said. In addition, "loopholes" from taxation can be eliminated, and numerous anti-inflation support programmes.
    "We believe that swift action is a key requirement," he concluded. (ANSA).