Italian Government to Seek Billions from Banks for Healthcare, Tax on ‘Extra Profits’ Ruled Out
ROME โค- The Italian government is preparing to secure billions of โeuros in โฃcontributionsโค from banks to bolster the nation’s โฃhealthcare system, a move championed by โฃthe League party and slated for discussion โฃat a Councilโค of Ministers (CDM) meeting tomorrowโ at โค11:00 โAM. โคWhile details remain fluid, โthe government isโค actively negotiating with financialโ institutions to fulfill aโข commitment of 4.4 โคbillion โขeuros outlined in draft budget plans.
The push for bankโ contributions, initially advocated byโค League leader Matteo Salvini, gained tractionโ during budget draftingโ andโค aims to leverage institutions’ recent profits.Senators from theโ League’sโฃ Finance โCommitteeโ – โฃPresidentโข massimo Garavaglia and group leader Stefano Borghesi – released a statement โaffirming the importance ofโ theseโค funds for supportingโ Italian healthcare,declaring a “win forโค common sense.” โขthe exact mechanism for securing the funds is โคstill under debate, with options including tax credits or a modified taxโ on accumulated capital.
However, โMinister of Enterprise and Made in Italy, antonio Tajani,โค definitivelyโ stated that a tax specifically targeting “extra profits” from the banking sector, โฃsimilar to previous discussions regarding โคthe so-called โ”USSR tax,” will not be implemented. The Association of Italian Banks (ABI) has indicated a willingness โto contribute to the state budget over multipleโ years, mirroring the agreement reachedโ lastโฃ year concerning โthe postponement of Deferred Tax Assets (DTAs), but remains opposed to unusual taxation.
Negotiations continue as the governmentโ seeks to finalize the details of the provision, with the upcoming โCDM expected to clarify the pathโข forwardโ for securing the 4.4 billion euro contribution from credit institutions and insuranceโ companies.