Italy will reduce some income taxes and consolidate certain brackets starting in 2020, Prime Minister Giuseppe Conte told newspapers including la Repubblica.
- “Everyone will pay, everyone will pay less,” Conte said.
- Core measures focused at lower tax brackets, though Conte said tax relief will be coming for higher brackets as well.
- Legislation to lower the cap on cash transactions will not be amended despite opposition in some parts of the government.
- Draft budget was passed with “complex moments” within cabinet, though work environment was positive.
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