Italian Prime Minister Matteo Renzi speaks before attendees during the 70th session of the United Nations General Assembly at the U.N. Headquarters in New York, September 29, 2015. REUTERS/Carlo Allegri
ROME (Reuters) - Under pressure to find resources for his promises of sweeping tax cuts, Italian Prime Minister Matteo Renzi is hoping to raise billions of euros by forcing multinational Internet firms to pay taxes on profits generated in Italy.
Treasury Undersecretary Enrico Zanetti said a so-called "Google Tax" could yield up to 3 billion euros ($3.36 billion) per year for Italy's strained public finances. But Renzi may have a political and legal fight on his hands to get hold of the money.
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