Overview

• The first draft sent to Parliament includes a targeted contribution for banks and insurers tied to reserves set aside in 2023.
• Union estimates suggest receipts of about €1.7 billion at 27.5% versus roughly €2.4–€2.5 billion if charged at 40%.
• Prime Minister Giorgia Meloni has cited a broader €4.3 billion contribution from the financial and insurance sector to the budget.
• Government figures are split, with Economy Minister Giancarlo Giorgetti backing the revenue use as Vice Premier Antonio Tajani rejects the 'extraprofitti' concept.
• Legal risk clouds the measure after an EU court ruling opened about €1.5 billion in Irap refunds and prior constitutional doubts, while banks await the final text and unions warn of potential fee pass-throughs.