Home > News > World
Monday February 24, 2014 MYT 10:06:08 PM
Monday February 24, 2014 MYT 10:07:02 PM
ROME (Reuters) - Italian Prime Minister Matteo Renzi vowed to cut the tax burden by a double-digit figure by the first half of 2014 in a speech to the Senate in which he outlined an ambitious series of measures on Monday.
The tax wedge, which is the difference between what a company pays each worker and the worker's take-home pay, was estimated to be 47.6 percent in 2012 by the OECD, the sixth-highest in the group of the 34 member countries.
Renzi said he would pay off all arrears held by public administration through a different use of the state holding company CDP, would set up a guarantee fund for small companies, and would free up billions of euros to invest in school infrastructure.
He also said he aimed to put forward a comprehensive justice reform package by June and boost welfare payments for the unemployed.
(Reporting by Naomi O'Leary)
Europe needs U.S.-style bureau to tackle guns: experts
Germany's Merkel urges strict, binding goals to tackle climate change
Insight - Voice of Paris attacks; Did he have bigger role?
MH17 memorial planned near Schiphol airport
Three killed, nine injured in attack on Colorado abortion clinic
Eight experiences you can’t miss when in Australia
Book treat for 74 pupils
Samsung and Apple in talks to use OLED screens for future iPhones
Air Asia free seat promotion begins today
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)