Italy Considers Tax Cut for Low Earners, La Repubblica Says

Italian Prime Minister Mario Monti’s Cabinet is evaluating a plan to cut taxes for low earners with funds recovered from tax evaders, La Repubblica reported without saying where it got the information.

Monti may finance the reduction of income taxes with as much as 15 billion euros ($19.8 billion) recovered from a crackdown on tax evasion, the Italian paper said.

The government may reduce to 20 percent from 23 percent the income levy on the lowest tax bracket, La Repubblica said.

To contact the reporters on this story: Tommaso Ebhardt in Milan 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.