401
Italy shocks banks with 40 percent windfall tax for 2023
(www.aljazeera.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 Aug 2023
401 points (97.9% liked)
World News
32078 readers
900 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 4 years ago
MODERATORS
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
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.
Or they wanted the headlines for people who will never read the update.