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New Italian tax measures: notional interest deduction and new IRAP allowances
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On 6 December 2011 the Italian Government issued a Decree Law 201 containing a set of extraordinary measures to address the financial crisis and stabilise public finances. The new measures include a new inotional interest deduction on new equity injections and new deductions in
computing the IRAP taxable basis. The existing municipal property tax will be replaced with a new property tax.
This briefing outlines the new relevant provisions.
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