Italy approves 40% windfall tax on banks for 2023 as profits soar
TheGuardian
AUGUST 8, 2023
Proceeds from levy on interest rate income will be used to help mortgage holders and cut taxes Business live – latest updates Italy has approved a 40% windfall tax on banks and will use proceeds to help mortgage holders and cut taxes, the deputy prime minister said, in a move that sent banking shares plunging.
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