Italy plans capital gains tax rise / Desperate Berlusconi forced into corner

Giulio Tremonti, Italian Finance Minister, told a parliamentary commission on the 11 August 2011 that the government intended to increase capital gains tax to 20% as part of a package of moves to meet demands from the European Central Bank that it accelerate its plans to cut the country’s deficit.

Mr Tremonti said he also wanted to ease labour market laws and liberalise public services in an effort to reduce the public debt burden and balance the country’s budget by 2013.

ESO: Background information: Italy agrees to liberalise economy http://www.europeansources.info/record/italy-agrees-to-liberalise-economy/

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