Meh, this is just going to lead banks to find ways to move profits into 2024. If... | Hacker News

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		AnimalMuppet on Aug 8, 2023 \| parent \| context \| favorite \| on: Italy approves 40% windfall tax on banks for 2023 ... Meh, this is just going to lead banks to find ways to move profits into 2024. If they're serious, they should permanently raise the tax rate on high-earning banks.

scotty79 on Aug 9, 2023 [–]

Why is personal income tax progressive but not corporate income tax?

Of course progression needs to be based not only of the profits of a given corporation but also all of the subsidiaries down the chain of ownership.

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