Intesa CEO Slams Italian Bank Tax Hike Plans

Intesa Sanpaolo CEO Carlo Messina has criticized Italian government plans to increase taxes on banks and insurers. He argued that the financial sector already agreed to a multiyear state contribution and that other industries should also help ease energy burdens.

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Carlo Messina, Chief Executive Officer of Intesa Sanpaolo bank, looks on during a meeting in Rome, Italy April 18, 2023. REUTERS/Remo Casilli

Intesa Sanpaolo CEO Carlo Messina criticized Italy's plans to raise €10.7 billion ($12.0 billion) from the financial sector during an event in Rome on Tuesday afternoon.

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