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.
IMO the term ‘conservative’ is somewhat fluid when the topic is other countries. For instance, Canadian/American conservatives/republicans (respectively) wouldn’t even think of implementing a tax like that because in many ways they are the bankers.
IMO the term ‘conservative’ is somewhat fluid when the topic is other countries. For instance, Canadian/American conservatives/republicans (respectively) wouldn’t even think of implementing a tax like that because in many ways they are the bankers.