Meloni’s Allies Clash Over €5 Billion Bank Windfall Tax Plan

Prime Minister Giorgia Meloni’s main government coalition partners clashed on Saturday after the League floated a proposal to raise €5 billion ($5.8 bllion) in revenues by taxing Italian banks’ windfall profits, and was quickly slammed by Forza Italia.

The League’s Matteo Salvini, the country’s transport minister, and Forza Italia’s Antonio Tajani, foreign minister, diverged on a key point of friction: whether — and how — to raise revenues from banks.

Both men are also deputy prime ministers in Meloni’s government, in which her party, Brothers of Italy, is the largest coalition member.

Giorgia Meloni

Photographer: Simon Wohlfahrt/Bloomberg

The League said its ...