Italy Aims to Get More Tax Out of Most Profitable Companies
Italy plans to raise taxes on the companies that benefitted most from the economic turbulence of recent years in order to help bring down the country’s budget deficit, Finance Minister Giancarlo Giorgetti said.
Italy to lift taxes on large companies such as e-commerce groups
ROME (Reuters) -Italy plans to raise taxes on large companies such as e-commerce groups as it looks for ways to collect additional cash for state finances, a Treasury official said on Friday. "We are talking about large e-commerce companies,
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Finance Minister Giancarlo Giorgett cited the need for "sacrifices from everyone," as Italy struggles to boost its finances.
Italy Says It Won’t Seek Tax on Extra Companies Profits
Italy will seek ways to finance the nation’s budget with a direct contribution from banks and companies, but it won’t put a tax on extra corporate profits.Most Read from BloombergVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit,
Italy plans higher taxes on its most profitable companies, economy minister says
Italy plans to increase taxation on companies that operate in sectors benefiting from favourable business conditions, Economy Minister Giancarlo Giorgetti said on Thursday, hitting stocks at the Milan bourse.
Italy seeks to raise more windfall taxes from companies
He did not clarify whether that meant increased tax rates or how they planned to avoid a repeat of last year’s failed attempt to slap banks with a levy on windfall profits. “There will be a general call for everyone to contribute,
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