Italian prime minister unveils commerce-friendly tax cuts and rise in spending despite EU warning plans may breach austerity rules The Italian government has approved a series of commerce-friendly tax cuts and measures to boost consumer spending that could put Rome in breach of austerity budget rules set by Brussels.
Prime Minister Matteo Renzi said a reduction in the main corporation tax rate and reduced levies on agricultural and industrial equipment were aimed at supporting Italy’s fragile recovery.
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Source: theguardian.com