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 Way to go: Italy announces massive tax cuts

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Way to go: Italy announces massive tax cuts Vide
PostSubject: Way to go: Italy announces massive tax cuts    Way to go: Italy announces massive tax cuts Icon_minitimeWed Mar 12, 2014 8:33 pm
Italian Prime Minister Matteo Renzi on Wednesday announced a headline-grabbing package of economic reforms, including a 10—billion—euro cut on labour taxes, but failed to write the measures into law.

Some 10 million workers — those earning up to around 1,500 euros net a month — will benefit from the tax break, effective from May, Mr. Renzi said. It would boost pay packets by about 1,000 euros per year, he added.

“I have no qualms in calling this an operation of historic significance,” Mr. Renzi said.

More: http://www.thehindu.com/news/international/world/italy-announces-massive-tax-cuts/article5778319.ece
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