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Matteo Salvini proposes 5% profit tax on top 10 Italian banks
Matteo Salvini, the deputy prime minister and leader of the Lega party, has proposed a new tax for the upcoming Italian budget maneuver. The proposal calls for an annual 5% contribution on the profits of Italy’s top 10 banks for a period of three years.
Salvini stated that the measure is intended to target only the largest financial institutions rather than smaller local banks. He suggested that the revenue generated could be used to increase pensions and salaries, particularly in regions facing high living costs. Additionally, he expressed interest in using the funds to double the military presence in the 'Strade Sicure' security program.
The proposal comes amid reports of high profitability in the banking sector. Data from the first half of 2026 indicates that the net profits of Italy’s five largest banking groups—including Intesa Sanpaolo and Unicredit—exceeded 15 billion euros, representing a 3.7% increase compared to the same period in 2025.
Entities
Intesa Sanpaolo · Italy · Lega · Matteo Salvini · UniCredit
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The net profits of the five largest Italian banking groups exceeded 15 billion euros in the first half of 2026. www.quotidiano.net
- [● 2 SOURCES] The proposal targets the top 10 banks rather than hundreds of small local banks. quotidianodigela.it · www.quotidiano.net
- [○ 1 SOURCE] The funds could be used to increase pensions and salaries in areas with high living costs. www.quotidiano.net
- [○ 1 SOURCE] The Lega intends to use the funds to double the number of military personnel in the 'Strade Sicure' program. quotidianodigela.it
- [● 2 SOURCES] The proposed tax would be applied for a three-year period. quotidianodigela.it · www.quotidiano.net
- [● 2 SOURCES] The Lega party will propose a 5% annual contribution on the profits of the top 10 Italian banks. quotidianodigela.it · www.quotidiano.net