Arab Today, arab today italy drops proposed tax on high earners
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Italy drops proposed tax on high earners

Arab Today, arab today

Arab Today, arab today Italy drops proposed tax on high earners

London - Arabstoday

The Italian government has dropped plans to introduce a tax on high earners, Prime Minister Silvio Berlusconi\'s office has said. The \"solidarity tax\" on those earning more than 90,000 euros (£79,000) was one of several new measures announced earlier this month as the government aims to balance Italy\'s budget by 2013. The announcement came after senior ministers met Mr Berlusconi on Monday. The Bank of Italy has warned there must be no reduction in the austerity plan. The government said it would instead step up measures to fight tax evasion. In a statement issued after several hours of talks, the prime minister\'s office said it would also exclude years spent at university and military service from retirement age calculations, delaying retirement for some people. There are also plans to spare the governments of small towns from cuts. But the statement made no mention of any increase in VAT, which had been widely mooted in the media. Although the EU had welcomed Italy\'s proposed new austerity measures, the country\'s largest union, the CGIL, has criticised the plan and threatened strike action. The plan is also reported to have caused tensions within the centre-right coalition government. The Bank of Italy has warned that the government must still save a combination of 45.5bn euros ($65.5bn; £40.2bn) in higher taxes and lower spending. The deputy head of the Bank of Italy, Ignazio Visco, told a parliament committee that the overall austerity measures \"cannot be reduced\".  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy drops proposed tax on high earners Arab Today, arab today italy drops proposed tax on high earners

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy drops proposed tax on high earners Arab Today, arab today italy drops proposed tax on high earners

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday