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Investing.com -- Italian banks and insurers are set to face a €4.4 billion tax increase as part of government budget plans for 2026, with a total tax burden of €11 billion planned over the three-year period from 2026 to 2028.
The tax measures represent a continuation of what has become a recurring solidarity levy on the financial sector in Italy. The funds generated will be directed toward relief measures for families, middle-income earners, and small and medium-sized enterprises (SMEs).
While additional modifications to the tax plan remain possible, reports indicate that the measures have already been discussed and agreed upon with industry associations, including the Italian Banking Association (ABI). This level of coordination suggests that the current proposal is close to a final draft.
The solidarity levy represents a significant financial commitment from Italy’s financial institutions as the government seeks to fund social support programs through targeted taxation of the banking and insurance sectors.
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