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

3 years ago by qweirdo to c/canada

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.
load all comments
feecoomeeq 3 points 3 years ago

Oh, so next year the banks will invest their profit or try to hide it in any way possible, to not lose 40%

path: 0 2353299, hotness: undefined, score: 3, children: 1
joshhsoj1902 11 points 3 years ago

Good? That's sorta the point isn't it. If they invest it back into their business it's no longer profit.

path: 0 2353299 2354118, hotness: undefined, score: 11, children: 0
canada
canada

@lemmy.ca

login for more options
12517
16119
3730

What's going on Canada?



Related Communities


🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 Sports

Baseball

Basketball

Curling

Hockey

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales

🗣️ Politics

🍁 Social / Culture

🌐 Other Relevant Communities

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

  2. Provide sources when making a claim. Do your research or google it doesn't cut it. The one making the claim is responsible for backing it.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


go to feed...