Italy's Tria signals open to sales tax hike as EU cheers end of sanction threat

Italy's Finance Minister Giovanni Tria on Monday signaled he was open to sa...

BRUSSELS - Italy’s Finance Minister Giovanni Tria on Monday signaled he was open to sales tax hikes next year to favor growth and reduce levies on labor, in a further conciliatory gesture to Europe that could however cause him trouble at home.

The EU Commission, responsible for monitoring EU states’ fiscal policies, said last week it would continue to closely watch Italy’s plans for 2020 when the country’s deficit could rise considerably if a planned rise of sales taxes is aborted. But, in a sign of how sensitive the issue is in Italy, Tria declined to answer a specific question on how the sales taxes rise should be performed.The bloc’s top officials on Monday welcomed Italy’s budget efforts, with the head of the Eurogroup of euro zone finance ministers Mario Centeno saying it was “good news” that the procedure was averted.

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