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.
  • feecoomeeq@lemmy.world
    52·
    1 year ago

    Oh, so next year the banks will invest their profit or try to hide it in any way possible, to not lose 40%

    • 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.