“We must ensure that the tax on the banks’ extra profits can be deductible and confirm that it is a one-off,” Tajani said at the Versiliana event in Marina di Pietrasanta on the Tuscan coast.

“And ‘territory (smaller local) banks’ must be excluded from the measure: these are three important points, so that the measure can be fair.”

For this reason, he concluded, “we will present amendments in Parliament and I believe that an agreement can be found, because we believe that a well-written rule can help families, businesses, consumers and small shareholders and not put the system in difficulty”.

FI was one of the government partners that criticised the measure, which Prime Minister Giorgia Meloni has claimed as her own.

Tajanai also said the government should “stabilise” a 7 per cent cut to the labour tax wedge.

“[We should also] progressively detax 13th month bonuses, overtime, production bonuses, holiday and Sunday work,” he said at an event on the north Tuscan coast.

The government has highlighted the benefits of the move and has argued against introducing a minimum wage as advocated by the opposition.

In his speech, Tajani also claimed it was a “very serious mistake” on the part of the West to let former Libyan leader Muammar Gaddafi be killed after an uprising in the Arab Spring in 2011, because his death unleashed instability in the north African nation.

“... he may not have been the champion of democracy, but once he was finished, political instability arrived in Libya and Africa”, Tajani offered in response to a question by conservative journalist Alessandro Sallusti at the Versiliana midsummer forum.

Gaddafi, who presided over a rapprochement with Italy, was killed by rebels on October 20, 2011.

ANSA