Tobin tax on the rise. The downsides on the stock market
Detailed summary
The tax is being increased in the budget bill to the detriment of companies with their registered offices in Italy. The doubts: “It is not certain that tax rev…
The Milan Stock Exchange (Piazza Affari) is becoming less attractive, and tax revenue could fall short of expectations. The further increase in the Tobin tax is causing concern amongst market participants, who highlight the limitations of the tightening measures set out in the draft budget bill. The government aims to raise an additional €1.38bn per year from 2027, but this estimate assumes that …
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