Cassa di Ravenna Chairman Patuelli Says Bank Shareholders Face Tax Burden Near 60%
Bitget2026/10/23 14:46- Cassa di Ravenna Chairman Antonio Patuelli criticized bank taxation on Oct. 23, 2026, saying shareholders' total tax burden approaches 60%.
- He called for equal tax treatment across sectors, contrasting bank shareholders' burden with very low taxes paid by non-European big tech companies.
- Patuelli warned rising government bond yields require banks to build additional precautionary provisions against potential market risks.
- Italy's 10-year government bond yield stood at 4.59%, with the spread over German bonds at 128 basis points.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI drives "light" merger and acquisition: Marvell Technology (MRVL.US) seeks to acquire Lumentum (LITE.US), potentially entering the top ten largest tech deals in history
Marvell is in talks to acquire optical device maker Lumentum, which currently has a market value of 8.3 billion dollars. The transaction may be announced next week.
Australian Dollar holds above 0.7050 as hot CPI boosts RBA hike bets
Commodity cost headwinds increase to 2.5 billions USD, Ford Motor (F.US) sees core profit edge up 4% against the trend in Q3 and raises its annual guidance lower limit
Ford's Q3 adjusted EPS exceeded expectations by 20%, and the company raised the lower end of its full-year profit guidance to $10.5 billion; however, revenue slightly missed expectations, causing shares to fall nearly 2% after hours.
Crypto prices
More
