The date is August 7, 2023, and Giorgia Meloni’s deputy and Transport Minister Matteo Salvini makes an unexpected announcement: banks will be taxed on their “extra profits”. Everything happens at the post-Council of Ministers press conference, where Meloni and, above all, Economy Minister Giancarlo Giorgetti are missing. Salvini describes the new tax as “a measure […]
Tag: extra earnings tax
37.5-hour work week and kindergartens for all: The program of the new Sanchez government
A shorter 37.5-hour work week (for the same salary), wider paternity and maternity leave and a new increase in the minimum wage. But also taxes on the extra profits of energy companies and banks. These are the main points of the program in which the Socialist Party (PSOE) and the left political movement Sumar agreed […]
Meloni is open to changes in the tax on banks’ extra profits, but warns: “There is no going back”
“After a year in government, I became at peace with my conscience.” Prime Minister Giorgia Meloni, interviewed by Bruno Vespa, starts from this premise Five minutes And door to door In Raiuno. The Prime Minister touched on many topics, from immigrants to Italy’s role in the EU, from reforms to transition. One of the interventions […]
European Central Bank came to the rescue of Italian banks: “No to taxes on extra profits”
The European Central Bank sides with Italian institutions and rejects the Meloni government’s tax on extra profits. According to the Frankfurt opinion signed by President Christine Lagarde, this tax would jeopardize banks’ ability to attract investors as well as loans to businesses. Additionally, being retroactive “could fuel the perception of an unclear tax framework and […]