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Italy shocks banks with 40% windfall tax for 2023 | Reuters
(www.reuters.com)
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this post was submitted on 12 Aug 2023
145 points (98.0% liked)
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Oh, so next year the banks will invest their profit or try to hide it in any way possible, to not lose 40%
Good? That's sorta the point isn't it. If they invest it back into their business it's no longer profit.