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Italy shocks banks with 40% windfall tax for 2023 | Reuters

www.reuters.com Italy shocks banks with 40% windfall tax for 2023

Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.

Italy shocks banks with 40% windfall tax for 2023
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