Rome

Retailers demand sweeping reform to cut taxes

To aid businesses and job-creation

Retailers demand sweeping reform to cut taxes

Rome, June 19 - A comprehensive reform to lower taxes is necessary to aid businesses and boost employment as Italy is suffering its longest recession in over 20 years, the president of Italian retailers' association Confesercenti Marco Venturi said on Wednesday. ''We cannot accept a measure which lowers (regional tax) Irpef and raises VAT, scraps (real estate property tax) IMU and increases (municipal tax) Tares'', said Venturi, whose association represents small and medium-sized businesses in the retail and tourism sectors. ''We need a real reform to reduce fiscal pressure and aid companies and employment rather than annuities and estates''.

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