anonymiss August 8, 2023 4:16pm #Italy shocks banks with 40% windfall #tax for 2023 Source: https://www.reuters.com/world/europe/italy-approves-40-windfall-tax-on-banks-be-limited-2023-2023-08-07/ The #government wants to use the proceeds to help those struggling with the cost of living, such as mortgage holders. #politics #finance #news #inflation #money #news Italy shocks banks with 40% windfall tax for 2023 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.
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