Banking Taxes in Europe

The report by KPMG UK’s David Wren provides an analysis focused on bank-specific taxes, such as those taxes that only or predominantly apply to banks.

Banking taxes sit at the centre of Europe's financial system - driving stability, shaping policy, and directly influencing how banks compete and grow. With nearly half of European Union (EU) member states introducing new bank taxes since 2022, and wide variation in how those taxes are designed and applied, the tax landscape has become a defining force in how institutions manage risk, deploy capital, and build long‑term resilience. In collaboration with the Association for Financial Markets ...

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Published Date: 04 March 2026