Italy's Cabinet Approves 2015 Budget

On 15 October 2014, the Italian Cabinet approved the government's budget for 2015. The budget, which must be presented to parliament,  includes certain tax cuts and incentives totaling €18 billion.

Some of the key measures include:

• IRAP (Regional Production Tax) will be further reduced by €5 billion (previously cut by 10% in April 2014) by allowing the deduction of labor costs from the IRAP tax base
• Incentives will be provided for companies hiring permanent personnel
• Incentives …