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Property tax review 'not dangerous' says Rehn

'But stick to budget consolidation' says EU commissioner

Property tax review 'not dangerous' says Rehn

Brussels, January 11 - Italy can safely review its policy on the IMU property tax introduced by the technocrat government of Mario Monti but it needs to stay clear of "choppy waters", European Economic Affairs Commissioner Olli Rehn said Friday. ''It is never dangerous to reconsider policies, but it is important that Italy remains on the path of cautious budget consolidation in order to break even,'' he said. The three main contenders in next month's general election have made the highly unpopular tax on primary residences a top issue. The poll-leading centre-left Democratic Party and outgoing Premier Mario Monti's new centrist group have said they will reduce it for low earners while ex-premier Silvio Berlusconi, currently polling second, has said he will scrap it altogether.

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