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irradiated ( irradiated@radiation.party ) MB to TechNews@radiation.party · 3 years ago

[HN] Italy shocks banks with 40 percent windfall tax for 2023

www.aljazeera.com

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[HN] Italy shocks banks with 40 percent windfall tax for 2023

www.aljazeera.com

irradiated ( irradiated@radiation.party ) MB to TechNews@radiation.party · 3 years ago
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Italy shocks banks with 40 percent windfall tax for 2023
www.aljazeera.com
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The move comes after higher interest rates have yielded record profits for banks as the cost of loans has soared.

[ comments | sourced from HackerNews ]

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  • jonsnothere ( jonsnothere@beehaw.org ) 
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    3 years ago

    The issue here isn’t the tax, but the unpredictability. That’s no way to tax a sector, and it shows in the market reaction.

  • No_Eponym ( No_Eponym@lemmy.ca ) 
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    3 years ago

    Is that a statute of a hand flipping the bird in front of their central bank?

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