Abi, more taxes on banks than on other companies

"On the income produced by banks, various and higher taxes are added compared to companies in other economic sectors," says the Abi's deputy director general, Gianfranco Torriero, in a note. This is the first time the association has intervened since the new rumours about a tax on extra profits came out. Torriero emphasises how "a saver who invests in bank shares suffers taxation of more than 50%", and explains how banks are burdened by "Ires (24%), the additional Ires for banks (3.50%), Irap (5.45%, which includes, compared to the ordinary rate, a further higher one for banks) and the flat rate on dividends (26%). For non-financial companies,' Torriero concludes, 'this taxation is still high but 4 percentage points lower.