The Italian legislature looks likely to reduce a proposed tax on gold sales, which would have impacted the Bank of Italy, from 6% to 1%, reports suggest.
The Wall Street Journal, a newspaper, reported on Thursday that the Italian treasury ministry had on Wednesday presented to lawmakers a revised version of the proposed tax with the lower 1% levy. The 6% tax was proposed in June as a means to reduce an expected budget deficit.
The revision comes after the European Central Bank (ECB) issued an op
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