Italy’s Tria: Tax cuts must be offset by spending cuts otherwise a rise in VAT will kick in next year
|The Financial Times (FT) reports the latest comments from the Italian Finance Minister Tria, with the key headlines found below.
Tax cuts must be offset by spending cuts otherwise a rise in VAT will kick in next year.
Tax cuts must be introduced in a progressive way, compliant with public finance objectives.
Sees savings of 3 bln to 4 bln Euro in 2020 from lower than expected uptake of welfare measures.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.