Italy's new right-wing government is planning to raise a limit on cash payments, Prime Minister Giorgia Meloni said Wednesday, amid opposition complaints that the move would benefit tax cheats and money launderers.
Tax dodging is a chronic problem in Italy, with more than 100 billion euros ($100.47 billion) evaded per year, according to Treasury data. In 2019, some 18.5% of taxes due were evaded.
