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Italy to raise 0.44% of GDP from banks by 2029

Original: Italy plans to collect 0.44% of GDP from financial sector over 2027-2029 period - Draft Budgetary Plan

Italy's Draft Budgetary Plan sets out plans to collect revenue equal to 0.44% of GDP from the financial sector over the 2027-2029 period. The measure, laid out in the budget document sent to the European Commission, signals Rome's intent to tap banks and other financial institutions as part of its medium-term fiscal planning.

Why now: New details on Italy's budget plans for taxing the financial sector are drawing attention from markets and fiscal watchers.

Italy Italian government European Commission financial sector

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Italy plans to collect 0.44% of GDP from financial sector over 2027-2029 period - Draft Budgetary Plan · financialjuice · 4

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