On August 23rd , the Italian Treasury announced it is preparing a plan to temporarily reduce taxes on gasoline and other petroleum-based fuels by about one-third, sparking protests from environmental organizations saying the lower taxes will negate carbon taxes designed to discourage use of high-polluting fuels. In a prepared statement, the Italian Treasury said it would cut gasoline taxes but that details about the plan are still being worked out. The treasury plans to lower taxes temporarily as a way to ease the blow of rising oil prices. Although the temporary tax break would reduce fuel taxes by around a.
