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[POLITICS] · Italy · 17 sources

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Antonio Tajani rejects extraprofit taxes and banking intervention

Italian Deputy Prime Minister and Foreign Minister Antonio Tajani has voiced strong opposition to the concept of 'extraprofit' taxes during the Rimini Meeting. Tajani criticized the term, stating it ‘sounds very much like the Soviet Union’ and arguing that such taxes do not exist in a legal or economic sense. He advocated for negotiated contributions from companies during difficult periods, similar to previous agreements with banks and insurance firms, rather than imposed fiscal measures. Tajani emphasized a policy of reducing tax pressure, describing taxes as ‘weeds’ that should be eradicated.

Regarding energy and fuel costs, Tajani noted that the government is working on structural interventions to reduce costs for families and businesses, utilizing 14 billion euros in available funds. He stressed that these funds should not be used for excise duty cuts but for more substantive solutions.

On the topic of banking, Tajani asserted that politics should remain out of banking risks, specifically referencing the Monte dei Paschi di Siena situation. He argued that the market should decide such outcomes and that the government's role is to establish and enforce rules rather than intervening in specific operations. He also expressed support for both local proximity banks and large institutions capable of supporting international business expansion.

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Antonio Tajani · Consob · Forza Italia · Intesa Sanpaolo · Meeting di Rimini · Monte dei Paschi di Siena · Rimini Meeting

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