Government to revoke IMU tax on first homes, minister says

Zanonato says solution needs to be found

Government to revoke IMU tax on first homes, minister says

Rimini, August 19 - Industry Minister Flavio Zanonato on Friday said the Italian government intends to revoke the controversial IMU property tax on primary residences. "There is a precise commitment, that of removing the IMU tax on primary residences, the government will find a solution," Zanonato said in an interview with television broadcaster Rainews 24. "A solution needs to be found in the context of the commitments taken on by Premier Enrico Letta". Letta, of the center-left Democratic Party (PD), heads the coalition government that was formed after February's inconclusive general elections. Rolling back IMU, which was introduced by the previous government of Mario Monti, was a campaign promise of ex-premier Silvio Berlusconi, whose center-right People of Freedom (PdL) roared to second in elections to become the junior partner in the current cabinet. The PdL has threatened to pull its support from the government if their position is not upheld.

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