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Italy to raise almost €11 billion from banks over three years

Original: Italy to raise almost €11 billion from financial sector in next three years https:// reut.rs/3TXpOli

Italy plans to collect nearly €11 billion from the financial sector over the next three years, according to Reuters. The measure forms part of the government's budget planning and will require banks and insurers to contribute additional funds. The news is drawing attention in Italy, where taxation of the banking sector has been a contentious political topic.

Why now: Italians are debating new levies on banks and insurers amid ongoing political controversy over taxing the financial sector's profits.

ItalyItalian governmentbanksfinancial sector

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• Italy to raise almost €11 billion from financial sector in next three years https:// reut.rs/3TXpOli · ReutersBiz · 10

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