Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

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

Don't Miss Out —
Follow us on:

Oct. 14 (Bloomberg) -- 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 ltotaro@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.