The new Italian government will include in its first budget both tax cuts and universal basic income, which will show the financial markets that the ruling coalition has not retreated from its agenda. This was stated by Italian Finance Minister Giovanni Tria.
The large-scale economic program aims to show investors that the populist government is serious about its goals, though initially triggering market turmoil. The idea of providing basic income for the poorest is strongly supported by the Five Star Movement, while its coalition partner, the Lega Nord, promised its voters a reduction and simplification of the tax system.
“The two […]
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