April 20, 2014
DON'T TAX WHAT YOU DO WANT...:
Income tax for low earners in Italy cut to boost growth (Israel Herald Friday 18th April, 2014)
The 10 billion euros in income-tax cuts, which will affect 10 million Italians, will be a permanent measure providing approximately 80 euros monthly, effective next month. The decree, which contained no real surprises, also set a salary cap for senior officials at State-controlled companies of 240,000 euros,."This in general begins a process of reorganization of the State," Renzi said after his cabinet approved a major financial decree that included large tax cuts as well as minor government reforms.The tax cuts will be funded by a 400 million euros reduction in defence spending and other savings including 150 million euros from a review of the F-35 fighter-jet programme.
...and why would Italy have a military?
Posted by Orrin Judd at April 20, 2014 6:31 PM