CashNews.co ROME (AP) — Italy’s far-right government has approved a budget for next year of about 30 billion euros ($33 billion), which officials say will be partly funded by a levy on Italian banks and insurers. Prime Minister Giorgia Meloni said late Tuesday that the government expected to raise some 3.5 billion euros from banks […]
CashNews.co ROME (Reuters) – Italy plans to raise revenues worth around 0.2% of gross domestic product (GDP) or roughly 4 billion euros ($4.35 billion) in 2025 from changes in tax rules for banks, insurance products and business licences for gaming, Rome’s draft budgetary plan (DBP) showed on Wednesday. The document, sent to the European Commission […]
CashNews.co (Bloomberg) — Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. Most Read from Bloomberg “As we promised, there will be no new taxes for citizens,” Meloni said in a post on X on […]
CashNews.co (Bloomberg) — Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. “As we promised, there will be no new taxes for citizens,” Meloni said in a post on X on Tuesday. “€3.5 billion from […]
CashNews.co By Giuseppe Fonte and Angelo Amante ROME (Reuters) -Italy’s ruling parties looked close to a deal on Tuesday on raising up to 4 billion euros ($4.36 billion) from the country’s banks, overcoming tensions within the coalition ahead of a cabinet meeting to approve the 2025 budget. Prime Minister Giorgia Meloni’s government needs to find […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy’s government wants to raise billions of euros from companies as it rushes to plug a €9bn gap in its budget, with the country’s banks set to contribute the most. People involved in the […]
CashNews.co BOBST, a packaging machinery and services supplier, has opened a new Competence Center for labels and flexible packaging in Florence, Italy. Spanning 1,200m², the facility is equipped with six complete production lines, including inline flexo, digital, and All-in-One technologies. According to BOBST, the new facility will provide its customers with local expertise and proximity, […]
CashNews.co (Bloomberg) — Italy’s government is targeting €4 billion ($4.4 billion) from companies by adjusting some tax thresholds and eliminating certain tax deductions, according to people familiar with its budget plans. Most Read from Bloomberg Finance Minister Giancarlo Giorgetti’s team is working on ways to raise money to help fill a €9 billion shortfall in […]
CashNews.co What’s going on here? Italy’s cabinet, led by Prime Minister Giorgia Meloni, is tackling a crucial budget plan, aiming to steer fiscal policies as the country navigates significant economic and industrial challenges. What does this mean? Italy stands at a crossroads with several pivotal economic developments unfolding. The cabinet’s budget discussion is expected to […]
CashNews.co The chair position is for four years but can be extended once. It pays over €250,000 per year, tax-free. All three candidates were interviewed, along with an unknown fourth candidate who was later cut, by the EU’s financial services chief Mairead McGuinness. The three top picks will now attend closed-door interviews organized by the […]