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Tax-to-GDP ratio to fall by 0.4 this year - Draghi

Premier points to income tax cuts, new benefit for parents

(ANSA) - ROME, MAY 26 - Italy's tax-to-GDP ratio is set to fall by 0.4 of a percentage point this year with respect to 2021 thanks to measures adopted by the government, Premier Mario Draghi said on Thursday.
    He referred to income tax cuts, saying they helped the weakest workers most of all, and the new 'assegno unico' (single cheque) benefit for families with children up to 21 years of age.
    "The government moved rapidly to protect workers with the many crises of recent years," Draghi told the assembly of trade-union confederation CISL.
    "When fully up-and-running, these transfers are worth almost 14 billion euros a year and make our tax system more rational and progressive". (ANSA).
   

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