Your Investment & Business Network Has Everything You Need to Stay Informed and Make Informed Decisions.
⎯ 《 Yibn • Com 》

Italy waters down windfall tax on banks

2023-08-09 23:45
The announcement prompted a rebound in the share prices of Italy's lenders.
Italy waters down windfall tax on banks

Italy has watered down plans to hit its banks with a windfall tax, leading to a rebound in the share prices of the country's lenders.

On Monday night, the government passed a one-off 40% tax on the profits banks earn from higher interest rates, in a shock move that saw shares plummet.

It...