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Bank tax hits investor confidence in Italian govt
Bank tax hits investor confidence in Italian govt
Business and Economy
by  AFP

Italian Prime Minister Giorgia Meloni's government watered down its surprise windfall tax on banks this week after a brutal market reaction, but the damage to investor confidence was done. "The haphazard manner of the announcement, where the government changed the terms of the tax at least three times in one day, will do little to restore investor confidence," added Scholtz.