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.

Global Business Report: Brazil Contraction, Banks Results
48:58 - Bloomberg's Alix Steel examines the latest global business news. She reports on "Bloomberg Markets." (Source: Bloomberg)
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