Italy shocks banks with 40% windfall tax for 2023
www.reuters.com
Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.
      • CookieJarObserverEnglish
        7·
        1 year ago

        Normal posts have at max 4 votes after 2 Minuten, so even if they all fat finger, it would be at max 4 down votes without bots ;)

        -guy that sorts the all feed by new

      • CookieJarObserverEnglish
        132·
        1 year ago

        Nah thats also not the Solution anonymity is key. And bots don’t care anyway, and banning people for down voting is not exactly a good behavior either.

          • CookieJarObserverEnglish
            51·
            1 year ago

            No. Point is that voting is “direct, free, equal and secret” -Art 38 GG (server is German)

              • CookieJarObserverEnglish
                11·
                1 year ago

                No, thats actually regarding any official voting.

                Plebiscite, elections of ANY kind (including stuff like Works council or “Sozial wahl”), * Referendum and even such silly things as Class representatives and Student Representatives. They are all falling under this law.

            • Blaze (he/him)@sopuli.xyzEnglish
              31·
              1 year ago

              For real civil identities, definitely.

              For alts I can create in a whim, not so much.

              And before you tell that spammers would create alts too, you can imagine some age or karma (because it exist, even if hidden) before being able to downvote.

  • AutoTL;DR@lemmings.worldBEnglish
    171·
    1 year ago

    This is the best summary I could come up with:

    ROME, Aug 8 (Reuters) - Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.

    Sharply higher official interest rates have yielded record profits for banks, as the cost of loans soared while lenders held off paying more on deposits.

    Since then, however, bumper first-half results from banks brought the issue back into focus and prompted the government to act on the eve of the summer political shutdown.

    “One has only to look at banks’ first-half profits … to realise that we are not talking about a few millions, but … of billions,” Deputy Prime Minister Matteo Salvini told a news conference in Rome late on Monday.

    All main Italian lenders reported much stronger than expected results for the first six months and upgraded their profit outlook thanks to higher rates.

    Since rates rose, they have cut current account costs but have refused to reward cash held there saying that money is for day-by-day use and not an investment.

    I’m a bot and I’m open source!