Italy budget: Renzi risks Brussels battle
by Phillip Inman economics correspondent from on (#QKCB)
Italian prime minister unveils business-friendly tax cuts and rise in spending despite EU warning plans may breach austerity rules
The Italian government has approved a series of business-friendly tax cuts and measures to boost consumer spending that could put Rome in breach of austerity budget rules set by Brussels.
Prime minister Matteo Renzi said a reduction in the main corporation tax rate and reduced levies on agricultural and industrial equipment were aimed at supporting Italy's fragile recovery.
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