Meloni Blindsides Markets With Surprise Windfall Tax
Italian Prime Minister Giorgia Meloni recently announced a dramatic windfall tax on Italian banks in bid to ease pressure on households
As part of a government decree, the Italian government led by Prime Minister Giorgia Meloni introduced a windfall tax on lenders’ profits resulting from higher interest rates, with a planned levy of 40%.
The tax, which will be applied to the net interest revenue derived from the diffe…
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