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Italy Becomes the Latest European Economy to Implement a Banking-Sector Windfall Tax

Banks have been among the few beneficiaries of central banks’ aggressive interest-rate hikes to tame inflation. Italian banks have enjoyed rising net interest margins without always sharing their bounties with depositors. In August, Italy joined a few other European governments in imposing a controversial windfall tax on its banking sector. ....

United Kingdom , Czech Republic , Giles Edwards , Davidg Herro , Hilary Schmidt , Giorgia Meloni , Oliver Collin , Intesa Sanpaolo , Matteo Salvini , Harris Associates , Financial Conduct Authority , European Central Bank , International Banker , Ministry Of Economy , Italian Prime Minister Giorgia Meloni , Financial Times , Prime Minister Meloni , United Kingdom Government ,