[HN] Italy shocks banks with 40 percent windfall tax for 2023
[HN] Italy shocks banks with 40 percent windfall tax for 2023
www.aljazeera.com Italy shocks banks with 40 percent windfall tax for 2023
The move comes after higher interest rates have yielded record profits for banks as the cost of loans has soared.
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The issue here isn't the tax, but the unpredictability. That's no way to tax a sector, and it shows in the market reaction.
Is that a statute of a hand flipping the bird in front of their central bank?