Milan, 2 September (LaPresse) – ‘Bayrou's opinion on Italy? Not very relevant. A government that is currently facing the same difficulties as the French government would do well to seek collaboration and support from everyone, rather than giving rise to these petty squabbles.’ This was stated by Senator Mario Monti in a conversation with Corriere della Sera and Le Monde.In 2023, in response to President Joe Biden's subsidies to American companies through the Inflation Reduction Act (IRA), France and Germany put pressure on the European Commission to authorise national tax aid, he said. I took the liberty of pointing out to the newly elected Prime Minister Meloni that it would be a serious mistake for Italy to agree to this request, because in the end only Germany would benefit. And then the small states, Ireland, the Netherlands and Luxembourg, would feel entitled to become tax havens. The right policy is an agreement that provides for the containment of state aid for large countries, and in return, the renunciation by small European countries of behaving like tax havens. Italy and France ‘should put aside these petty quarrels that lead nowhere and act together, for example, to lead the front against the exemption from the global minimum tax that the United States obtained at the G7’.
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