Tax on the extra profits of banks, how the maxi levy on institutions works

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MILANO – It was the surprise of the council of ministers who passed the last two decrees before the summer break: the extra profit tax made by banks thanks to interest rate hikes. But how will the measure developed by the government work?

Credit The interest rate race makes the banks rich, 11 billion in 6 months Andrea Greco 05 August 2023

To begin with, it will not, strictly speaking, be a tax on profits. The