US EditionItaly plans fuel tax relief as Middle East war pushes energy prices higher
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The government, pressed by the opposition, seeks the parade in the face of the surge in prices at the pump caused by the war in the Middle East, but refuses at this stage to consider public aid to soften the bill...
Italy weighs fuel-tax cuts as firms warn of energy price surge from Middle East war
Italy is considering cutting fuel excise duties using higher-than-expected value-added tax revenues triggered by rising pump prices, the prime minister said, as businesses warned the conflict in the Middle East could sharply raise energy costs. Excise duties account for a large share of the pump price in Italy and are levied per litre, not as […]
Italy is considering cutting fuel excise duties, using higher-than-expected revenue from value-added tax (VAT) revenues generated by rising pump prices, Prime Minister Giorgia Meloni said, as businesses warn that the Middle East war could cause a sharp rise in energy costs. Excise duties make up a large part of the final price of fuel in Italy and are levied per liter, not as a percentage of the total price, as is the case with VAT.
Italy takes into account the reduction of fuel excise duties, using revenues from the tax on added value rather than expected, generated by the increase in prices on pumps, said Prime Minister Giorgia...
High energy prices threaten thousands of Italian businesses, underscoring the need for government intervention to ensure their sustainability
Italy plans fuel tax relief as Middle East war pushes energy prices higher
Italy is carefully considering a plan to reduce fuel taxes as rising energy prices begin to worry businesses and households across the country. The ongoing conflict in the Middle East has created instability in global oil markets, causing fuel prices to climb. As a result, the Italian government is now discussing ways to protect its economy from the impact of these increasing costs. Fuel prices are extremely important for any country because the…
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