Renzi Gives Italians Lower Taxes, Higher Cash Use to Back GrowthBy
2016 budget includes elimination of levy on first homes
Threshold for cash payments raised to 3,000 euros in reversal
Prime Minister Matteo Renzi presented a 2016 budget aimed at supporting Italy’s domestic demand and its recovery from a record-long recession through the elimination of a tax on primary residences, new investment incentives, and a higher threshold for the use of cash.
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