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Suprise tax cut for low-paid Italians

6 years ago76 views

Italy's prime minister Mario Monti is to give low-earners a cut in income tax.

It is a rare boost for struggling households in the eurozone's third largest economy that has been in recession for a year.

The unexpected tax cut was balanced with a rise in VAT and a series of spending cuts in a combined package worth 11.6 billion euros in all.

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http://www.euronews.net/

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