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Edison says Italy windfall tax is disproportionate, should be revised

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MILAN (Reuters) - Italy's new windfall tax is disproportionate and should be revised, Edison CEO said on Thursday, adding the energy group does not exclude legal action against it.

"It's a tax on revenues, not profits. I am not excluding anything to protect the interests of the company against what I believe is disproportionate for us, compared to other, larger operators," CEO Nicola Monti said.

Rome approved a 10% levy on energy companies in March and this week announced it would raise it to 25% to help fund a package to shield firms and families from surging energy costs as the war in Ukraine escalates.

(Reporting by Giancarlo Navach; editing by Francesca Landini)

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