Italy beats revenue target from property tax in 2012
ROME Feb 12 (Reuters) - Italy garnered 23.7 billion euros last year from its main property tax, a Treasury undersecretary said on Tuesday, beating a previous revenue estimate by 1.2 billion euros.
The 1.2-billion-euro windfall from the tax, called IMU, will boost the government's hopes of lowering the budget deficit last year to below 3 percent of gross domestic product.
The government's official target is a deficit-to-GDP target in 2012 of 2.6 percent, but most analysts expect that this was missed. The 2012 public finance data will be published on March 1.
- Man called Bitcoin's father denies ties, leads LA car chase
- Ukraine standoff intensifies, Russia says sanctions will 'boomerang' |
- Florida mayor fights backyard gun ranges in 'Gunshine State'
- Apple loses bid for U.S. ban on Samsung smartphone sales
- 'Everything is fine', Pistorius told guard after shooting girlfriend |