Italy shocks banks with 40% windfall tax for 2023
www.reuters.com
Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.
  • circuitfarmer
    15•1 year ago

    Credit where credit is due – nice job Italy. I hope other countries follow suit (but most of them are owned by bankers, so).