Italy PM Letta says housing tax to be reformed by end August
ROME May 17 (Reuters) - The Italian government will reform an unpopular housing tax, IMU, by the end of August, Prime Minister Enrico Letta said on Friday, saying that the changes would be fully funded and would respect European Union deficit limits.
"We are setting a time until August 31 within which the government and its supporting majority will reform IMU," Letta told a news conference, confirming that payments would be suspended in June.
Letta, who has emphasised the need for pro-growth policies to stimulate a moribund economy, also said the government had set aside 1 billion euros ($1.29 billion) to finance subsidies to idled workers until the end of 2013.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target holiday cyber breach hits 40 million payment cards |
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion |
- Special Report: Why Ukraine spurned the EU and embraced Russia