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Italy shocks banks with 40 percent windfall tax for 2023 (www.aljazeera.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 29 points 1 year ago (1 children)

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

[–] [email protected] 12 points 1 year ago (1 children)

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.

[–] [email protected] 5 points 1 year ago

Or they wanted the headlines for people who will never read the update.