Italian Government Suspends Unpopular Property Tax Payment
This article is for subscribers only.
The Italian Cabinet agreed today to suspend the payment of a residential property tax due in June, an unpopular levy adopted by former Prime Minister Mario Monti to help reduce the country’s budget deficit.
The administration led by Premier Enrico Letta pledged to review the tax by Aug. 31. It also approved additional funding of 1 billion euros ($1.3 billion) for workers in a temporary layoff program known as CIG.