Italy Said to Weigh New €1.5 Billion Bank Tax to Bolster Budget
The Italian government is reportedly considering a new €1.5 billion bank tax to bolster its budget. According to sources familiar with the matter, the government is looking to tap into bank profits as a means of shoring up its public finances. The proposed tax measure would come on top of existing levies that the Italian banking sector already pays. The move is seen as part of the government's efforts to address the country's fiscal challenges and maintain its budget targets. While the details of the potential tax are still being finalized, it is expected to be included in the upcoming budget plan. The government's decision to target the banking sector reflects the ongoing pressures faced by Italy's public finances, as it seeks to balance its fiscal policies with the need to support economic growth.
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