Giulio Tremonti facts for kids

Quick facts for kids Giulio Tremonti
Minister of Economy and Finance
In office 8 May 2008 – 16 November 2011
Prime Minister	Silvio Berlusconi
Preceded by	Tommaso Padoa-Schioppa
Succeeded by	Mario Monti
In office 22 September 2005 – 17 May 2006
Prime Minister	Silvio Berlusconi
Preceded by	Domenico Siniscalco
Succeeded by	Tommaso Padoa-Schioppa
In office 11 June 2001 – 3 July 2004
Prime Minister	Silvio Berlusconi
Preceded by	Vincenzo Visco (Treasury and Budget) Ottaviano Del Turco (Finance)
Succeeded by	Domenico Siniscalco
Deputy Prime Minister of Italy
In office 23 April 2005 – 8 May 2006 Serving with Gianfranco Fini
Prime Minister	Silvio Berlusconi
Preceded by	Gianfranco Fini
Succeeded by	Massimo D'Alema Francesco Rutelli
Minister of Finance
In office 10 May 1994 – 17 January 1995
Prime Minister	Silvio Berlusconi
Preceded by	Franco Gallo
Succeeded by	Augusto Fantozzi
Member of the Chamber of Deputies
Incumbent
Assumed office 13 October 2022
Constituency	Lombardy
In office 15 April 1994 – 14 March 2013
Constituency	Lombardy (1994–2001) Veneto (2001–2006) Calabria (2006–2008) Lombardy (2008–2013)
Member of the Senate of the Republic
In office 15 March 2013 – 22 March 2018
Constituency	Lombardy
Personal details
Born	(1947-08-18) 18 August 1947 (age 78) Sondrio, Italy
Political party	FdI (since 2022)
Other political affiliations	PSI (1987–1993) PS (1993–1994) FI (1994–2009) PdL (2009–2012) 3L (2012–2013) Renaissance (2017–2018)
Height	1.73 m (5 ft 8 in)
Alma mater	University of Pavia
Profession	Lawyer Tax advisor

Giulio Tremonti (born August 18, 1947) is an Italian politician and lawyer. He is best known for serving as Italy's Minister of Economy and Finance. He held this important job several times under Prime Minister Silvio Berlusconi.

As the Minister of Economy and Finance, Tremonti was in charge of Italy's money. This included managing the government's budget, collecting taxes, and making decisions to help the country's economy grow.

Early Life and Education

Giulio Tremonti was born in Sondrio, a town in the Lombardy region of northern Italy. His family came from the Veneto and Campania regions of Italy.

He became a professor of law at the University of Pavia. He also taught at the Institute of Comparative Law at Oxford University in England. His main areas of study were tax law and how governments use taxes to shape the economy.

Political Career

Tremonti's political career began in 1987 when he ran for the Italian Parliament with the Italian Socialist Party. He was first elected to Parliament in 1994.

He played a key role in bringing together the politician Silvio Berlusconi and Umberto Bossi, the leader of the Northern League party. This led to the creation of a center-right political group called the House of Freedoms.

Tremonti was a strong supporter of fiscal federalism. This is the idea that regions should have more power to collect and spend their own tax money. He believed this would give more autonomy to regions like Lombardy and Veneto, where he had many supporters.

Minister of Economy and Finance

Tremonti served as Italy's finance minister four different times. His job was to manage the country's economy.

During his time in office, he made several major changes to Italy's tax system.

• Tax Cuts: He introduced a "No-Tax-Area" in 2003, which meant people with low incomes didn't have to pay any income tax. In 2005, he lowered the tax rate for the highest earners.
• Business Taxes: He lowered the tax rate for companies to encourage them to grow.
• Other Taxes: He removed national taxes on gifts, inheritances, and property. However, local governments could still tax property.

Even with these cuts, an international group called the OECD reported in 2007 that Italy's taxes were still high compared to other countries.

In 2011, Tremonti left his position as minister. The following year, he started his own political movement.

Other Work

Besides politics, Tremonti has written several books about economics and taxes. In his books, he argued that high taxes can slow down a country's growth. He also wrote about his concerns that China's trade practices were causing jobs to move from Europe to Asia.

Tremonti is a member of the Italy-USA Foundation and the chairman of the Aspen Institute Italia, a group that discusses important world issues. He also often writes columns for the Corriere della Sera, a major Italian newspaper.

See also

In Spanish: Giulio Tremonti para niños