Italy Said to Weigh New €1.5 Billion Bank Tax to Help Budget (1)

The Italian government is seeking to tap bank profits again as a way to prop up its public finances, according to people familiar with the matter.

The administration under Prime Minister Giorgia Meloni is considering an extension to an existing law that forces lenders to suspend their use of deferred tax assets, the people said, asking not to be named as they’re not authorized to speak publicly.

They said that the move would be expected to raise between €1 billion ($1.2 billion) and €1.5 billion. Any new measure will be discussed and coordinated with Italian lenders, the people added.

The ...