Italy aims to raise €11bn from banks and insurers to help fund tax cuts
Revenue-raising target was contained in document sent to EU on Thursday but risks clash with lenders
Revenue-raising target was contained in document sent to EU on Thursday but risks clash with lenders

Increase to €300,000 would be severe blow to wealthy expats seeking to escape higher levies elsewhere in Europe

Finance ministry’s proposal aimed at tackling housing crisis causes stir within Giorgia Meloni’s rightwing coalition

Europe’s debt crisis demands a new public spending model

Lawmakers squabbled over how to allocate limited additional resources

Higher levies on endowment income will more than offset an increase in investment returns

A tax raid on lenders would damage the government’s growth agenda, executives warn