Tag: windfall profits

An Intesa Sanpaolo SpA bank branch in Brescia, Italy, on Tuesday. Italian stocks tumbled after a surprise new tax on bank profits sent the country's lenders tumbling, erasing as much as $10.4 billion from their combined market capitalization. (Bloomberg)
Posted in Business

Italy’s clarification on new bank windfall tax: Levy won’t exceed 0.1% of assets

 August 9, 2023  Leave a Comment on Italy’s clarification on new bank windfall tax: Levy won’t exceed 0.1% of assets

Bloomberg | | Posted by Singh Rahul Sunilkumar Italy issued a clarification of its new tax on banks’ windfall profits, saying the impact may be…

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