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@NightOwl@lemm.ee to World News@lemmy.ml • 2 years ago

Italy shocks banks with 40 percent windfall tax for 2023

www.aljazeera.com

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  • technews@radiation.party
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Italy shocks banks with 40 percent windfall tax for 2023

www.aljazeera.com

@NightOwl@lemm.ee to World News@lemmy.ml • 2 years ago
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  • technews@radiation.party
The move comes after higher interest rates have yielded record profits for banks as the cost of loans has soared.
  • @sol@lemm.ee
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    29•2 years ago

    They have since announced that it will be capped at 0.1% of a bank’s assets: https://edition.cnn.com/2023/08/09/business/italy-bank-windfall-tax-change/index.html

    • BraveSirZaphod
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      12•2 years ago

      It should be noted that this was in response to bank stocks rapidly collapsing. It seems pretty doubtful that this was planned or they would have included it in the original announcement.

      • @what_is_a_name@lemmy.world
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        5•2 years ago

        Or they wanted the headlines for people who will never read the update.

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