ROME : Italy is struggling to broker a deal between payments firms, banks and retailers to cut fees on electronic transactions, two sources familiar with the matter told Reuters on Wednesday, raising the prospect of a windfall tax on the financial sectors.
Meloni has made clear she is ready to impose a"solidarity contribution" equivalent to 50 per cent of the net proceeds from those transactions without a deal, which was initially supposed to come by the end of March. The proposed windfall tax, if introduced, would hit Italian payments company Nexi, but would also affect banks that receive a portion of the fees paid by merchants.
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