The French Dispatch

The French Dispatch

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The French Dispatch
The French Dispatch
Meloni Blindsides Markets With Surprise Windfall Tax
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The European Dispatch

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

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Leonardo Veneziani
Aug 10, 2023
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Meloni Blindsides Markets With Surprise Windfall Tax
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Italian Prime Minister Georgia Meloni (Photo by the Italian Government)

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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A guest post by
Leonardo Veneziani
Passionate about EU and Italian affairs and politics, Leonardo currently is consultant in tech and digital policy.
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