MILAN, April 8 (Reuters) – The following factors could affect Italian markets on Monday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

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POLITICS

Italy plans to gradually cut taxes, reduce individual income tax bands from five to two and to set a company tax rate at 20 percent, according to a draft National Reform Programme seen by Reuters.

ECONOMICS

Italy will probably raise its 2020 budget deficit goal to around 2.1 percent of gross domestic product when it publishes new targets this week, three government sources told Reuters, and the figure could be hiked again after the summer.

Next year’s GDP