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.
  • Avid Amoeba@lemmy.ca
    12·
    1 year ago

    It’s not so much a conservative government. It’s a populist government and as such they might do things that are popular with people.