Markets
4.9
Italy targets €11B from financial sector by 2029; minister defends higher taxes
Published 1 d ago1 sourceEvidence: Reported
SeverityModerateAssessedDeveloping storyCapital.grLow-rated sourceIT
Italy plans to raise an additional €12 billion from banks and insurers by 2028 through new levies, building on this year's budget measures. The move signals fiscal tightening on the financial sector, potentially pressuring Italian bank profitability and equity valuations. Uncertainty remains over the exact structure and timing of the levies.
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