Italy’s new government will have both tax cuts and a universal basic income in its very first budget to show financial markets the coalition isn’t backing down from its agenda, Finance Minister Giovanni Tria said.
The sweeping economic program is aimed at proving to investors that the populist administration is serious about its mission, even after its creation initially rocked Italian bond markets. Basic income for the poor is a measure strongly backed by the Five Star Movement, while governing coalition partner, the League, promised voters a reduction and simplification of tax brackets. Giovanni Tria at the finance ministry in […]
Full Post at www.bloomberg.com