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Salvini Estimates Italy Could Raise $23 Billion From Tax Amnesty

  • Settlement would help Italy remain within 3% EU deficit limit
  • Italian Deputy Premier speaks on State television show
Tourists take photographs in front of a monument to the unknown soldier in Rome, Italy.

Photographer: Alessia Pierdomenico/Bloomberg

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Italy’s populist government is planning a tax settlement worth 20 billion euros ($23.2 billion) to help finance promises to voters and stay within the European Union’s deficit limit, Deputy Premier Matteo Salvini said.

The measure would be introduced in the upcoming budget and allow a discount on taxes due for some households that are unable to repay what they owe. By getting people to pay something, Salvini estimates it would raise more than 20 billion euros.