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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
150 points (98.1% liked)
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I will remind you that Italy has a CONSERVATIVE GOVERNMENT. I wish Cons would follow their example. I wish our LIBERAL government would have half the brains to do this. We need to do this with our banks, grocery chains, airlines and oil companies.
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.
It's not so much a conservative government. It's a populist government and as such they might do things that are popular with people.