Italy Cuts Income Tax While Limiting VAT Increases
Prime Minister Mario Monti’s government announced a tax cut for the lowest income levels to compensate Italians for a planned increase in value-added levies next year as part of its 2013 budget plan.
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
00:21 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)