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Tax battleground in run-up to Italian poll

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Tax battleground in run-up to Italian poll


The stagnant economy is dominating the debate ahead of Italy’s general election. Chief opposition candidate Romano Prodi has been outlining his plans for turning things around.

The centre-left leader wants to increase taxes on investments and reintroduceinheritance tax. It was withdrawn by Prime Minister Silvio Berlusconi. The former European Commission president has slammed the government for changing Italy’s fiscal system from the start. He said it had sent a message that there would be more tolerance towards tax evasion and that it would continue with the tax moratorium principle. Trailing in the most recent opinion polls, the centre-right government of Italy’s richest man rejects claims it pushed through reforms primarily benefiting his interests. It also accuses the opposition of not coming clean about its full intentions. “Now Prodi is trying to backpedal on what he really wants to do: hit the Italian people with taxes,” said Renato Schifani, the head of the premier’s party in the Senate. “Inheritance tax, an increase in the tax burden, tax on earnings from government bonds etc. I don’t think the Italian people need all that.” Who the public choose to listen to will be clear very soon. Italy goes to the polls on April 9 and 10.
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