Maybe families too, depending on who you ask
There are conflicting reports on what's coming first from Italy's new government.
In a TV interview today, League Senator Alberto Bagnia said "it looks like there is an agreement to start with the flat tax on companies' income next year... so in the first year for companies only, while in the second year it's to be applied to the families."
That was disputed by League politician Armando Siri who said Italy would also pass the flat tax for families in 2019.
"It's not true that starting from next year the flat tax will come into force only for companies, rather it will also apply to families," he told an Italian website, saying it will apply to households with at least 2-3 children.
He said the total cost of the measure would be about 30 billion euros.
The Italian stock market isn't impressed today. It's trading down 0.2% with the rest of Europe higher. Italian 10-year yields, however, are down 12 bps to 2.57%. EUR/USD hit a high of 1.1745 at the start of US trading but has slipped to 1.1717.
