AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

ROME: Italian Prime Minister Mario Monti faced protests and catcalls on Saturday as he defended tax authorities against attacks fuelled by his government's unpopular austerity measures.

Monti's speech to a passing-out parade of new officers of the Guardia di Finanza tax police in the northern city of Bergamo was met by a small plane trailing a banner reading "Enough with Monti, enough with taxes".

"You are preparing to begin this profession, this service, at a moment of particular difficulty for Italy and Europe," Monti told the parade in a speech which was interrupted several times by shouts from protestors.

Monti's technocrat government has imposed some 24 billion euros ($30 billion) worth of tax hikes to shore up Italy's strained public finances and control a public debt burden equivalent to about 120 percent of gross domestic product.

Italy's tax officials have been under growing pressure over recent months and Equitalia, the agency which collects taxes and fines, has been targeted by a string of attacks and threats by desperate small businessmen as well as anarchist groups.

Although the acts of violence against Equitalia offices and staff have been generally condemned, many commentators have expressed sympathy for the plight of struggling tax payers and attacked authorities for a heavy handed approach.

"The tax authorities are seen by many today as a true enemy," Giorgio Squinzi, the new head of Italy's main business lobby Confindustria, said in a speech on Friday.

Monti's personal approval ratings have dropped sharply and local election results this month showed a surge in support for protest parties opposed to his government and calling for renewal of the discredited political system.

He brushed off the hecklers at Saturday's parade, saying the fight against the chronic problem of tax evasion, one of the priorities for his government, could not be won "with empty words and gestures of protest".

"The crisis that Europe and Italy are going through is a crisis which comes from a long way away. It is a crisis that can be understood not by sounding off but by reflection," he said.

The government has faced particularly strong resistance in the prosperous regions of the north, Italy's economic heartland, where there is strong resentment against tax increases seen as props for the poor and corruption-riddled southern regions.

Monti, who comes from Varese near the Swiss border, said "separatism" was not the answer but he said citizens from the north had a right to be especially concerned about tax evasion.

"We know that the competitiveness of our companies is frequently hurt because of the tax evasion which takes place throughout the country and perhaps more in other parts of the country than in this one," he said.

Copyright Reuters, 2012

Comments

Comments are closed.