Italy shocks banks with 40 percent windfall tax for 2023
www.aljazeera.com
The move comes after higher interest rates have yielded record profits for banks as the cost of loans has soared.
  • jonsnothere@beehaw.org
    2·
    11 months ago

    The issue here isn’t the tax, but the unpredictability. That’s no way to tax a sector, and it shows in the market reaction.