Giulio Tremonti facts for kids
Quick facts for kids
Giulio Tremonti
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| Minister of Economy and Finance | |
| In office 8 May 2008 – 16 November 2011 |
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| Prime Minister | Silvio Berlusconi |
| Preceded by | Tommaso Padoa-Schioppa |
| Succeeded by | Mario Monti |
| In office 22 September 2005 – 17 May 2006 |
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| Prime Minister | Silvio Berlusconi |
| Preceded by | Domenico Siniscalco |
| Succeeded by | Tommaso Padoa-Schioppa |
| In office 11 June 2001 – 3 July 2004 |
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| 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
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| 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 |
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| Prime Minister | Silvio Berlusconi |
| Preceded by | Franco Gallo |
| Succeeded by | Augusto Fantozzi |
| Member of the Chamber of Deputies | |
| Assumed office 13 October 2022 |
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| Constituency | Lombardy |
| In office 15 April 1994 – 14 March 2013 |
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| 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 |
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| Constituency | Lombardy |
| Personal details | |
| Born | 18 August 1947 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 18 August 1947) is an Italian politician. He has served in the government of Italy as the Minister of Economy and Finance. He held this important role several times under Prime Minister Silvio Berlusconi. His terms were from 1994 to 1995, then from 2001 to 2004, again from 2005 to 2006, and finally from 2008 to 2011.
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Giulio Tremonti's Early Life
Giulio Tremonti was born in Sondrio, a town in Northern Lombardy, Italy. His family had roots in both the Veneto and Campania regions of Italy. He became a full professor of law at the University of Pavia in Italy. He also worked as a visiting professor at the Institute of Comparative Law in Oxford. His main areas of study are tax laws and how governments use money.
Giulio Tremonti's Political Career
Tremonti played a key role in bringing together different political groups in Italy. He helped Silvio Berlusconi, a wealthy businessman and politician, connect with Umberto Bossi. Bossi was the leader of the Northern League, a party that wanted more power for local regions. This led to the creation of a center-right political group called the House of Freedoms.
Even though Tremonti was part of the Forza Italia party, he often agreed with the Northern League. He strongly believes in federalism, which means giving more power to local governments. He supports the idea of fiscal federalism, where regions like Lombardy and Veneto would have more control over their own money.
He first tried to get elected to the Italian Parliament in 1987. At that time, he was with the Italian Socialist Party.
Serving as Minister of Finance
Giulio Tremonti was first elected to the Italian Parliament in 1994. Soon after, he joined the center-right party Forza Italia. He then became the Minister of Finance in the first government led by Silvio Berlusconi.
He returned as finance minister in 2001 when Berlusconi became Prime Minister again. He had to step down in July 2004 because of disagreements within the government about Italy's economy. However, he was appointed to the same position for a third time in late 2005. This happened after the previous minister, Domenico Siniscalco, resigned.
In 2008, Berlusconi's party won the elections, and Tremonti was once again given the role of Minister of Economy and Finance. In 2012, he announced that he was starting his own political movement.
During his time as minister, Tremonti made important changes to Italy's tax system.
- He made the first big cuts to Income tax in Italy. This included creating a "No-Tax-Area" in 2003, meaning some people paid no income tax. He also lowered the highest tax rate in 2005.
- He significantly reduced the corporate tax rate for businesses. It went from 36% down to 33%, and then even further to 27.5%.
- He also removed taxes on money that businesses reinvested.
- Tremonti completely got rid of donation taxes and inheritance taxes in 2001.
- He also removed property taxes on homes and real estate at the national level in 2008. However, local governments still collected property taxes.
From 2008 to 2009, Tremonti was part of a special group. This group looked for new ways to fund health systems around the world.
Other Activities and Writings
Giulio Tremonti has written many books, mostly about taxes and international trade. He believes that high taxes can slow down economic growth. He also thinks that fiscal federalism can help different regions compete to offer lower taxes, which would benefit families and workers. He has also spoken about how some trade policies can cause jobs to move from Europe to Asia. In 2009, he gave an important speech at the Central Party School of the Chinese Communist Party.
Today, he is a member of the Italy-USA Foundation. He is also the chairman of the Aspen Institute Italia. He often writes articles for the Italian newspaper Corriere della Sera.
Images for kids
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A friendly robot, representing a kid-friendly resource.
See also
In Spanish: Giulio Tremonti para niños
