Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Friday, May 11, 2018
Italian Populists Bring Promises With Hefty Price Tags
Populists may be
coming soon to power
in Italy with ideas including a flat tax for all that could blow a hole in the
country’s finances
if they are ever implemented.
The various promises, which also cover a lower retirement age and a guaranteed income for the poor, would probably provide a short-term growth boost. Still, they risk heaping additional fiscal burden on an economy already crippled with debt, unless the measures are offset by spending cuts or tax increases elsewhere.
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