“Former premier Silvio Berlusconi vowed Sunday to refund the money Italians have had to fork out for an unpopular property tax if his coalition wins this month’s elections. Speaking at a rally in Milan, Berlusconi vowed to scrap the levy and refund the taxes paid on primary residences in 2012 ‘as compensation for an erroneous decision by the state’ — to the tune of some four billion euros ($5.5 billion). ‘One should never touch the primary residence, which is the pillar on which families build,’ he said, asserting that the reintroduction of the tax had caused property values to plummet ‘by five to 20 percent’, and had led to a drop in home sales and construction.”
http://www.rawstory.com/rs/2013/02/03/italys-berlusconi-vows-to-refund-money-from-unpopular-tax/
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