February 26, 2019 / 7:13 AM / 22 days ago

Italian PM says government to review tax expenditures - paper

Italy's Prime Minister Giuseppe Conte addresses the European Parliament during a debate on the future of Europe in Strasbourg, France, February 12, 2019. REUTERS/Vincent Kessler

MILAN (Reuters) - Italy’s government will review the current tax expenditure system as part of the next budget to raise funds while it rules out a wealth tax to plug a hole in its public finances, the prime minister was quoted as saying.

In an interview with Italian daily Il Sole 24 Ore on Tuesday, Prime Minister Giuseppe Conte also ruled out any revision of the succession tax or the sale of any “strategic assets”.

He said state lender CDP could play a role in the government’s 18 billion euro privatisation plan targeting the real estate sector.

Reporting by Valentina Za; Editing by Andrew Heavens

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