Italy Surprises Markets With Tax on ‘Extra’ Profits of Banks
- Meloni government backs wide range of items before vacation
- Norms include increasing taxi licenses, foreign investments
Taxis wait for customers along the Roman Forum near Piazza Venezia in Rome.
Photographer: Geraldine Hope Ghelli/BloombergThis article is for subscribers only.
Italian Prime Minister Giorgia Meloni’s cabinet approved a surprise tax on the “extra profits” of banks this year.
The levy was slipped into a huge package of measures that ranged from taxi licenses to foreign investment. The tax could bring over €2 billion ($2.2 billion) into state coffers, according to Ansa newswire.