VAT, tax rise would intensify crisis, says Confcommercio

(AGI) Rome, Oct 2 - Carlo Sangalli, president of Confcommercio,the Italian business association, said that raising VAT,already at record levels, and increasing indirect taxation,would intensify the structural crisis that characterizes Italy,the 'Sistema Italia. Sangalli was commenting on ideas containedin an update note to the budget. . .

(AGI) Rome, Oct 2 - Carlo Sangalli, president of Confcommercio,the Italian business association, said that raising VAT,already at record levels, and increasing indirect taxation,would intensify the structural crisis that characterizes Italy,the 'Sistema Italia. Sangalli was commenting on ideas containedin an update note to the budget. . .