Italy’s Salvini Vows to Widen Flat Tax Plan for Small Companies
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Italy’s Deputy Premier Matteo Salvini, who’s vowed to bring “Trump-like” tax cuts to jump start the economy, committed to expand the beneficiaries of a lower rate in a step to fulfill a key electoral pledge.
“If someone will tell us that we can’t do it, we’ll do it anyway,” Salvini said Friday at a Milan event, when asked whether the government will proceed with a plan to extend a 15% percent flat rate to companies with revenue of up to 100,000 euros ($113,170) starting from Jan. 1.