Intesa's Messina Sees Way to Make Italy Contribution Without Hit [BNN Bloomberg (Canada)]
INTESA SANPAOLO S/ADR (ISNPY)
NASDAQ:AMEX Investor Relations:
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Source: BNN Bloomberg
“There could be some ways in which it is possible to make a contribution to this situation of the public debt not having an impact on the economic figures of the company,” Messina said at Bloomberg's Future of Finance event in Milan on Thursday. He said there's a possibility “to give cash flow to the public sector.” The comments come just after Italian Finance Minister Giancarlo Giorgetti announced in an interview pre-recorded for the same event that he wants to raise money from industries that have benefited disproportionately from macroeconomic and global events in recent years. “We will be approving a budget that will require sacrifices from everyone, which means taxing extra profits,” Giorgetti said in the interview. He didn't provide details. The Italian bank lobby is reviewing potential measures that wouldn't hurt bank earnings, it has said. An upfront payment of withholding tax due by clients or the postponement of deferred tax assets are among them, Bloomberg has report
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