Italian banks hit out at Giorgia Meloni over latest tax raid

Italian banks are expressing discontent with Finance Minister Giorgia Meloni's new tax measures, which aim to generate €7bn from financial institutions over the next three years through a higher corporation tax rate. This move has sparked concerns about the potential impact on the banking sector's profitability and operations. The tax plan underscores the government's efforts to boost revenue amid economic challenges, but it's drawing criticism from the banking industry, which worries about the implications for their financial health and competitive edge.