Rome

IMF against rolling back Italy's hated homeowners' tax

'IMU should be upheld for fairness'

IMF against rolling back Italy's hated homeowners' tax

(see related) Rome, July 4 - The International Monetary Fund (IMF) on Thursday came out against abolishing a contested tax on primary residences in Italy. "The tax should be upheld for reasons of fairness and efficiency," said the IMF in a report that also called for an "accelerated" revision of the country's land surveying policies, "in order to ensure equity". Three-time premier Silvio Berlusconi has threatened to topple the left-right coalition government if it fails to roll back the tax. The government has so far opted to put it off, but has not committed to eliminating it entirely. (photo: Managing Director of the International Monetary Fund (IMF) Christine Lagarde)

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