Italy Could Partly Reimburse Banks Later for New Tax: Corriere

Italy’s government is studying a tax credit mechanism to partly reimburse banks subject to a planned windfall tax on income , Corriere della Sera daily reports on Monday, without citing sources.

• Banks may receive a tax credit to be spent in the next 5-10 years: Corriere
• Tax credit could be equal to 100% of the levy or less
• Note: Italy Surprises Markets With Tax on ‘Extra’ Profits of Banks

To contact the reporter on this story:
Flavia Rotondi in Rome at rotondi@bloomberg.net

To contact the editors responsible for this story:
Eric Pfanner at epfanner1@bloomberg.net

Jerrold Colten

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