Italy Proposes Bank Levy for Budget
Italy's co-ruling League party proposes a bank levy to raise up to three billion euros for the 2027 budget. The plan aims to fund tax cuts and family support but faces resistance from coalition allies.
Italy's ruling League party proposed a 5% levy on bank profits on Tuesday, targeting between €2 billion and €3 billion to fund family subsidies. The proposal highlights internal friction within the coalition over revenue-raising measures ahead of upcoming national elections. The tax hike underscores growing political pressure on financial institutions as the government finalizes its next budget framework.
