AK News Italy's financial sector faces higher taxes as government finalises budget

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Italy's financial sector faces higher taxes as government finalises budget

Published on: Oct. 17, 2025, 12:27 p.m. | Source: Devdiscourse

Rome plans tax cuts and other expansionary measures worth an average of 18 billion euros per year, with the financial sector being called upon to contribute a large share of the funding needs, according to the officials. The government will collect roughly 4.4 billion euros from the sector in 2026 and more than 11 billion over the three-year period through 2028, a draft budget published on Thursday showed.

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