Italian Government

Measures adopted measures include cuts in the funds allocated to regional and local authorities and, Although not be pointed out data at the press conference, the meeting in the morning with the representatives of these entities we discussed a decrease totalling 9,500 million euros, 6,000 in 2012 and 3,500 in 2013. Also Berlusconi’s Government hoped to lower the costs of the policy, among the highest in Europe, with a series of measures to contain spending and through cuts in resources earmarked for ministries. In the appearance before the press, politicians pledged to reduce by 2012 in 6,000 million euros funds allocated to ministries, while they did not rrencia to the 2.5 billion of cuts planned for 2013 in the draft, leaked by the media of communication. Tax the rich on the other hand, the text adopted contains measures tax as that afteracquired with a 5% annual incomes that exceed the 90,000 euros and with a 10% exceeding 150,000 euros. Provides, in addition, an increase in the levy on financial returns, 12.5% to 20%, up from which exempted the public debt securities. The text includes the hardening of combating tax evasion, with measures such as sanctions for not issuing invoice and the obligation to use payment systems that leave constancy in transactions that are subject to the payment of VAT exceeding 2,500 euros. With the intention of increasing productivity, the Government proposes to move to Monday no religious holidays of the working calendar and thus avoid bridges. Also among the measures to be applied in the next two years includes the possibility to carry out privatization in local services and encourage the liberalization of economic activity. Source of the news: the Italian Government approves a plan of 45,500 million adjustment