Italy Drafting Plans to Raise €1.5 Billion More From Banks
The Italian government, led by Prime Minister Giorgia Meloni, is reportedly drafting plans to raise an additional €1.5 billion ($1.8 billion) from Italian banks in 2027. According to sources familiar with the matter, the government is considering postponing the tax deductions available to banks, which would effectively result in a higher tax burden for the financial institutions. The move is part of the government's efforts to generate additional revenue and strengthen the country's fiscal position. However, the plan is still in the preliminary stage, and the details are yet to be finalized. The potential impact on the banking sector and the broader Italian economy remains to be seen. The government's decision to pursue this course of action may face scrutiny and negotiations with the banking industry before any final implementation.
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