UniCredit Confident to Reduce Impact of Taxes Through Levers

UniCredit CEO Andrea Orcel says that’s premature to comment on the Italian government’s planned tax contribution to finance the budget as talks among parties are still ongoing.

• “UniCredit is anyway confident to reduce the impact of new taxes on its account thanks to its levers and geographical diversification” Orcel says in an interview with Bloomberg
  • UniCredit will be less affected than Italian peers, as any tax would impact only its Italian entity which account for 44% of the whole business, Orcel says
• UniCredit plans to make additional investments in IT, AI, as well as hiring, in particular in Italy and ...