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Italy’s government is planning to raise 3.5 billion euros from domestic banks and insurers as part of its budget plans, Deputy Prime Minister Matteo Salvini announced on Tuesday. The funds will be allocated to the national health service, according to Salvini. The levy on the financial sector is expected to come from changes in the taxation of stock options for managers and rules governing banks’ tax credits from past losses.($1 = 0.9185 euro)

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