Silvio Berlusconi, the former Italian prime minister, is at the forefront of Forza Italia, a populist party with conservative inclinations. According to documents attained by Bloomberg, they plan to focus on the economy in the final stretch of the election season, which ends on March 4, 2018.
Berlusconi plans to propose a flat tax rate for all Italian individuals and companies. His policy papers state that this will give "families purchasing power, thus increasing consumption and endowing companies with liquidity to raise investments." No suggested tax rate was included in the plans, but Berlusconi has previously cited 23% as the magic number.
Berlusconi's party polls behind the Democratic Party and the Five Star Movement, but they are currently projected to win about 15% of the vote.
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| Former PM Silvio Berlusconi |
Berlusconi plans to propose a flat tax rate for all Italian individuals and companies. His policy papers state that this will give "families purchasing power, thus increasing consumption and endowing companies with liquidity to raise investments." No suggested tax rate was included in the plans, but Berlusconi has previously cited 23% as the magic number.
Berlusconi will promise the creation of two million jobs for Italy along with GDP growth of 3% by the end of 2023. He also seeks to reduce the Italian public debt, which has soared in recent years, from 130% of the GDP to less than 100% of the GDP.
Bloomberg wrote:
The program aims to relaunch the euro region’s third-biggest economy with expansionary policies and recoup the ground lost in the double-dip, record-long recession of the 2008-2013 period.
Berlusconi's party polls behind the Democratic Party and the Five Star Movement, but they are currently projected to win about 15% of the vote.
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