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Italian ELV incentive generates surplus

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(I) - The incentive for scrapping old cars introduced in Italy 18 months ago has brought in additional tax earnings of ITL1,250mn, said Italy's finance minister Mr. Vincenzo Visco. In 1997 alone, the number of new vehicle registrations in Italy went up from 1.7m to 2.4m. According to the Italian finance ministry's ...

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