Italy Warned by ECB That One-Off Taxes Hurt Investor Confidence

The European Central Bank warned Italy that the government’s tendency to impose one-off levies creates uncertainty, undermines investor confidence and risks legal disputes.

By Alessandra Migliaccio, Sonia Sirletti · Bloomberg Markets

The European Central Bank warned Italy that the government’s tendency to impose one-off levies creates uncertainty, undermines investor confidence and risks legal disputes.