Italy government reaches deal to reform housing tax
ROME (Reuters) - Italy's government reached a deal on Wednesday to reform an unpopular housing tax, easing a source of persistent coalition tensions.
The cabinet agreed to abolish the housing tax known as IMU from the start of 2014, Prime Minister Enrico Letta told reporters, replacing it with a new levy known as the "service tax."
The two installments of IMU which were due in September and December 2013 will be scrapped, Letta said after the cabinet meeting.
(Reporting by Giuseppe Fonte, writing by Gavin Jones)
- French warplanes search Mali desert for crashed Air Algerie plane |
- At least 15 killed by shelling of Gaza school; toll exceeds 760 |
- Exclusive: Ukraine rebel commander acknowledges fighters had BUK missile
- U.S. House panel votes to authorize lawsuit against Obama
- Lawyers call for outside probe of 'bungled' Arizona execution |