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Italy Today

Italian news in English

Thursday, October 17, 2024

Italian Government Denies Tax Increase Plans

Published: 2024-10-09

The Italian government is facing internal tensions over the revision of property values, particularly those improved with public funds through the Superbonus initiative.

Economy Minister Giancarlo Giorgetti clarified that the focus is on updating records for properties not currently listed and ensuring compliance for those that have undergone improvements.

Despite concerns, Giorgetti emphasized that there will be no new taxes on homes, aligning with the government's commitment to reducing tax burdens.

Prime Minister Giorgia Meloni reiterated this stance, dismissing claims of potential tax hikes as false and politically motivated.

The government aims to support families and businesses without imposing additional financial burdens, maintaining a focus on economic growth and stability.