Italy to slash VAT on art to compete with EU rivals
Artists had lobbied Rome to close the tax gap amid fears domestic market could collapse
Artists had lobbied Rome to close the tax gap amid fears domestic market could collapse

Bloc members including France and Italy are pushing for an exemption as negotiations continue

Rome complains about some of its Parmesan exports being hit with a 30% rate

Rome says proposed levies of up to 92% set to be reduced after US commerce department review

Revenue-raising target was contained in document sent to EU on Thursday but risks clash with lenders

Finance ministry’s proposal aimed at tackling housing crisis causes stir within Giorgia Meloni’s rightwing coalition

European Commission issues formal warning that Rome’s measures to deter takeovers risk compromising single market