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Italy's central bank just dropped an interesting note about the government's latest tax moves. Turns out the new levy increases are hitting banks way harder than insurance firms. Banks are looking at tangible profit pressure from these measures, while insurers seem to be skating by with minimal damage. Classic case of targeted fiscal policy – or maybe just different business models reacting differently to the same punch. Either way, the divergence is pretty stark. Worth watching how this plays out for Italian financial stocks over the next quarter.