On 15 October 2014, the Italian Cabinet approved the government's budget for 2015. The budget, which must be presented to parliament, includes certain tax cuts and incentives totaling €18 billion.
Some of the key measures include:
- IRAP (Regional Production Tax) will be further reduced by €5 billion (previously cut by 10% in April 2014) by allowing the deduction of labor costs from the IRAP tax base
- Incentives will be provided for companies hiring permanent personnel
- Incentives …