Prime Minister Giuseppe Conte supports the idea of lowering IVA (the Italian GST) in the short term, while Bankitalia Governor Ignazio Visco suggests that a complete reform of the tax system is needed.
Italy is currently considering a reduction in GST in order to restart the economy. Max Tani, professor of finance at the University of NSW, explains that this could have a highly detrimental effect on the Italy's budget.
We also take a look at the reasons behind the behaviour of the stock market and what could be the chances that a situation similar to the great financial crisis will reoccur in the coming months. We are also going to analyse the issue concerning the changes that have been announced in university fees in Australia.
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