Saturday, 25 February 2012

Ministers' salaries posted on government website

Personal wealth and property included in financial statements

21 February, 14:11
(ANSA) - Rome, February 21 - In a move to demonstrate reforms that include the Italian government along with its citizens, the tax returns of Premier Mario Monti's ministers were posted online Tuesday.

The move, known as Operation Transparency, attracted a record number of visitors to the government home page, causing technical difficulties.

According to the figures Industry Minister Corrado Passera, who came from the private sector with a 3.5-million-euro salary, on which he paid 1.4 million in taxes in 2011, is the wealthiest of Monti's ministers. The former of head of Italy's second-biggest bank Intesa SanPaolo has liquid assets of 8.8 million euros from the sales of bank stock and private property. As a minister, Passera's salary will drop to 220,000 euros.

In a video message broadcast Monday in Florence to Federmeccanica members, Italy's Federation of Metalworking Industries, Passera said that it is "important to reduce tax evasion" and that by doing so, everyone would pay less.

Foreign Minister Giulio Terzi is listed as earning a 203,000-euro salary in 2011.

Justice Minister Paola Severino has the highest liquid assets among the women in Monti's cabinet, just over seven-million euros, from her former law practice and as deputy head of LUISS University in Rome.

Severino's annual ministerial salary is 195,2225 euros. Ministers also declared their cars, real estate and stocks.

http://www.ansa.it/web/notizie/rubriche/english/2012/02/21/visualizza_new.html_102263441.html