Italy’s co-ruling League party has proposed a 5% levy on bank profits that could raise between €2 billion and €3 billion for next year’s budget. The money would support families and businesses and strengthen security measures. The plan is likely to meet resistance from coalition partner Forza Italia, which has opposed taxes on banks’ extra profits. The League’s proposal would add to roughly €12 billion the government already plans to collect from banks and insurers through 2028 under measures in the 2026 budget, including a higher IRAP corporate-tax band. Next year’s budget, due to be presented next month, will be the last under Prime Minister Giorgia Meloni’s government before national elections expected in 2027.