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Economics

The Ink Is Almost Dry on Italy’s 15% Flat Tax Rate

  • Five Star, League parties near completion of government plan
  • Leaders to meet president Mattarella on Monday afternoon
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Bloomberg’s Kevin Costelloe reports on the prospects for a new government in Italy.(Source: Bloomberg)
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Italy’s populist duo has all but completed a governing plan that includes a flat tax as low as 15 percent, a guaranteed income for the poor and a lower retirement age as they prepare to seek a green light from the president on Monday.

Luigi Di Maio, 31, of the anti-establishment Five Star Movement said he and Matteo Salvini, 45, of the anti-immigrant League have refined the last details of their “Contract for the Government of Change” in a late evening meeting in Milan on Sunday, news agency Ansa reported.