Taxes increase by one billion on the capital gains of banks on Bank of Italy shares to finance the cut in Irpef for the weakest employees. This is the main novelty that emerged from the Def which was approved tonight by the Council of Ministers. The Government indicates that the 2014 GDP growth of 0,8% is the central objective of economic policy and confirms the promised cut in income tax of 80 euros per month for 10 million employees. The 10% annual cut in IRAP has also been confirmed.
In order to achieve its objectives, in compliance with European parameters, the Government will implement robust spending cuts of 6 billion and an acceleration of privatizations of 12 billion but above all remembers that the premise for growth is the punctual implementation of institutional reforms, on which a strong confrontation is open in the Democratic Party in the Senate, even if in the last few hours the general agreement between Berlusconi and Renzi has instead been confirmed.
