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09 August 201922.15 The Fitch agency confirms the BBB rating for Italy with a negative outlook. It reads, in a statement, the high level of public debt, weak growth and the growing uncertainty linked to the current political dynamic. Fitch suggests that no VAT safeguard clause will be triggered and that therefore there will be no increase. It also estimates that there will be a flat tax of 15% that "could be limited to annual incomes of less than 50,000 euros" with a cost of about 0.6% -0.7% of GDP.Fitch: rating unchanged, negative outlook
2019-08-09T20:33:57.833Z
22.15 The Fitch agency confirms the BBB rating for Italy with a negative outlook. It reads, in a statement, the high level of public debt, weak growth and the growing uncertainty linked to the current political dynamic. Fitch suggests that no VAT safeguard clause will be triggered and that therefore there will be no increase. It also estimates that there will be a flat tax of 15% that "could be limited to annual incomes of less than 50,000 euros" with a cost of about 0.6% -0.7% of GDP.
Source: rainews