Italy introduces surprise windfall tax on banks' interest rate profits
Published
The Italian government has introduced a surprise 40% windfall tax on the profits made by banks from high interest rates.
Full ArticlePublished
The Italian government has introduced a surprise 40% windfall tax on the profits made by banks from high interest rates.
Full ArticleThe potential one-off tax on the profits banks earn from higher interest rates has seen shares plummet.
Shares in European banks fell after the Italian government announced a surprise windfall tax on banks who have seen bumper profits..