this post was submitted on 08 Aug 2023
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Italy approves 40% windfall tax on banks (www.reuters.com)
submitted 1 year ago* (last edited 1 year ago) by mxwarp@lemmy.ca to c/personalfinancecanada@lemmy.ca
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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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