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Italy’s Tria: Tax cuts must be offset by spending cuts otherwise a rise in VAT will kick in next year

2019-06-19 13:45

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.



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