Italian tax man softens seizures

Equitalia to repossess only when pension, salary high enough

Italian tax man softens seizures

Rome, April 23 - Italy's tax-collecting agency on Monday said it would not seize bank or postal account funds where salaries or pensions are deposited up to a certain point. Equitalia, which is 51% owned by the Italian tax revenue agency and 41% owned by the nation's social security institute, decided that repossession of funds would only take place in cases where the pension or salary perceived is over 5,000 euros per month. The policy is effective immediately.

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