The Italian Government has announced the planned measures for the bill on the State Budget for 2018, which was approved by the Council of Ministers on 16 October 2017. The tax-related measures include:
- Implementing budget savings in order to avoid triggering current safeguard clauses that would increase the value added tax and excise rates if fiscal targets are missed;
- Implementing a freeze on local and regional tax rate increases;
- Introducing a three-year 50% social security contribution …