Renzi Gives Italians Lower Taxes, Higher Cash Use to Back Growth

  • 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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