UniCredit, the Milan-based lender, used a get-out clause to avoid the bank windfall tax and insisted it will return €6.5bn to investors this year
One of Italy’s largest banks will use an accounting loophole to avoid paying the Italian government’s controversial bank windfall tax, while simultaneously returning billions of euros to investors.
UniCredit, the second largest bank in Italy by assets, said it will use a get-out clause to avoid paying the windfall tax on bank profits, which was introduced earlier this year by Giorgia Meloni, the Italian prime minister.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Work It! Katy Perry and Rita Ora Take To The Catwalk in MilanThe website for Irish women
Read more »
Expert explains what foods to avoid to reduce menopause fatigue & weight gainNutritionist Yvonne O’Shaughnessy shares what you should and shouldn’t be eating to help manage symptoms like hot flushes, fatigue and bloating during menopause
Read more »
Keating fires 13th league goal to give Cork City hope in relegation fight2-0 win at UCD sees Cork City move to within six points of Sligo Rovers as they bid to avoid the relegation play-off.
Read more »
Seafood industry calls for ‘proper’ assessment and planning in offshore wind energySector submission to Eamon Ryan says it wants to avoid ‘any repeat of past – especially planning – mistakes’
Read more »
Social media has gone wild over Aldi €9.99 adorable doggy bomber jacketThe water-resistant navy and orange coats are available in small to extra-large sizes and the colours are reversible.
Read more »