HomeEconomyItaly: Economy Minister defends a "fair" bank tax but admits "communication errors"

Italy: Economy Minister defends a “fair” bank tax but admits “communication errors”

A clear majority (62.8%) of the big businessmen gathered in Cernobbio for the economic forum of the European House – Ambrosetti declared themselves against this tax.

Italian Economy Minister Giancarlo Giorgetti said on Sunday that the tax on bank superprofits “could surely be improved” and admitted to communication problems, but argued that the tax was “fair.”

“It is a fair tax because the State gives and the State asks and, in recent years, the State has given a lot to the banking system in terms of guarantees,” he told a group of businessmen gathered in Cernobbio, in northern Italy. Italy, for the economic forum La Casa Europea – Ambrosetti.

“Communication errors”

This bank tax was announced on the afternoon of August 7, in the midst of the greatest confusion, by the Deputy Prime Minister and leader of the League (extreme right), Matteo Salvini. Giancarlo Giorgetti, also a member of the League, did not attend the press conference on the tax.

The bank tax is a “fair tax” at a time when families, to whom the income from the tax must be redistributed, are going through “such a delicate moment,” he insisted. This contribution from the banks, whose draft decree was reviewed twice in 24 hours, should yield between 2 and 2.5 billion euros.

A clear majority (62.8%) of the big businessmen gathered in Cernobbio, on the shores of Lake Como, declared themselves against this tax, during a survey carried out on Sunday by the organizers of the European House – Ambrosetti forum.

The “disaster” caused by this tax had “a negative impact on the international image and reputation” of Italy, the prestigious think tank commented on Friday in a study.

Author: MUAC with AFP
Source: BFM TV

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