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AUG 28, 2013 - Boston Herald

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Italy repeals property tax in bid for stability

ROME — Italy's government agreed Wednesday to repeal an unpopular property tax that ex-premier Silvio Berlusconi has long campaigned to abolish, a crucial deal for the survival of Premier Enrico Letta's unusual left-right coalition.The Cabinet, which is made up of both Letta's Democrats and Berlusconi's center-right ministers, decided to cancel the payments through the end of the year and institute instead a local "service tax" starting in 2014, Letta told reporters.

Tags: Italy repeals property tax in bid for stability,  Enrico Letta Latest News