Business tax to be cut 10% with capital-gains hike

Renzi aiming to stoke growth, cut unemployment

(ANSA) - Rome, April 8 - The government plans to help lift the economy into solid growth by cutting regional business tax Irap by 10% thanks to a hike in Italy's capital-gains tax, sources said ahead of a cabinet meeting on the new DEF economic and fiscal programme. Premier Matteo Renzi aims to accelerate a fledgling recovery from Italy's longest postwar recession and lower record unemployment while sticking to EU-mandated fiscal targets. A 10-billion-euro cut in payroll taxes is a key part of the DEF, along with an 80-euro-a-month tax cut for 10 million Italians with a salary of less than 1,500 euros.