this post was submitted on 09 Aug 2023

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

submitted 1 year ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml

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[–] sol@lemm.ee 20 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

[–] BraveSirZaphod@kbin.social 11 points 1 year ago

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.