Italy shocks banks with 40% windfall tax for 2023 | Reuters - eviltoast
Italy shocks banks with 40% windfall tax for 2023
www.reuters.com
Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.
  • joshhsoj1902@lemmy.ca
    11·
    1 year ago

    Good? That’s sorta the point isn’t it. If they invest it back into their business it’s no longer profit.