We’ve got it wrong on windfall taxesBy Maria Demertzis
September 21, 2023
Windfall taxes disguise a deeper systemic issue. It’s time for central banks to stop paying banks billions of taxpayers’ money in interest, as higher rates persist.
Let me explain: the cost of living crisis and the far-ranging use of fiscal policy in the past three years have forced ...
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