Watch Live


Italy Should Weigh Return to ICI Property Tax, Central Bank Says

Prime Minister Silvio Berlusconi should consider reintroducing the ICI tax on main properties to rebalance the weighting of other levies on Italian taxpayers, the central bank said.

“The exemption of main properties from the ICI tax represents an anomaly in comparison with other countries,” Daniele Franco, head of economic research at the Bank of Italy, said at an hearing yesterday at the Senate’s Finance Committee in Rome.

The taxation on citizens’ first homes, which helped fund local administrations, was abolished by Berlusconi’s government in 2008. The ICI tax still applies to other properties.

To contact the reporter on this story: Lorenzo Totaro in Rome at

To contact the editor responsible for this story: Craig Stirling at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.