Italy’s Deputy PM Salvini: Govt proposes tax on savings hidden in safety deposit boxes

Dhwani Mehta FXStreet

Italian newspapers quoted Deputy Prime Minister (PM) Matteo Salvini, as saying that Italy’s government may tax cash and other valuables locked away in safety deposit boxes held with banks, as reported by Reuters.

Salvini said: “Money that is substantially hidden,” suggesting that deposit boxes were a way of hiding income and assets from the tax authorities.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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