Italian banks get free pass to evade windfall taxBy Giada Zampano
October 10, 2023
The “watering down” of Italy’s windfall tax has been described by analysts as a strategic move to shore up bank balance sheets and boost the country’s embattled government bond market.
A revised version of the law, approved by parliament on October 5, will now introduce a levy based ...
Italy’s banking windfall tax could impair the resilience of the eurozone’s banks and distort markets, the European Central Bank has cautioned. The ECB’s non-binding legal opinion, published on September 13,...Read more