Giulio Tremonti served in the government of Italy as Minister of Economy and Finance under Prime Minister Silvio Berlusconi from 1994 to 1995, from 2001 to 2004, from 2005 to 2006, and from 2008 to 2011. He is also a professor of law at the University of Pavia and has been a visiting professor at the Institute of Comparative Law, Oxford. His particular fields of interest are fiscal and tributary law, as well as fiscal policies.
During his time in office, he made significant income tax cuts by introducing a No-Tax-Area (2003) and by reducing the top marginal tax rate (2005). He also cut the corporate tax rate from 36% to 33% (now down to 27.5%) and abolished taxes on reinvested profits. He also completely abolished all donation taxes, estate/inheritance taxes (2001) and property taxes on housing/real estate (2008) at the national level.
He is chairman of the Aspen Institute Italia and a guest columnist of the Italian daily Corriere della Sera. He is the co-author with Edward Luttwak and Carlo Pelando of Il fantasma della povertà (1995) and the author of Lo Stato criminogeno(1997), Rischi fatali(2005), La paura e la speranza(2008) and Uscita di sicurezza (2012).