Tax & Spend

Italy’s Tax Inflows to Get €4 Billion Uplift From Bank Measures

Tax deduction postponement to be fully recovered by banks
Parliament needs to approve budget proposal by year end

Giorgia Meloni
Photographer: Alessia Pierdomenico/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Alessandra Migliaccio, Sonia Sirletti, and Alberto Brambilla

October 23, 2024 at 4:17 PM UTC

This article is for subscribers only.

Prime Minister Giorgia Meloni is set to get a boost to her national budget thanks to the country’s financial sector.

Italy’s tax inflows will be uplifted by €4 billion ($4.3 billion) in the next two years mostly through the postponement of tax deductions on banks, according to a government budget document obtained by Bloomberg.