Monday, February 20, 2012
Italian Government targets Ferrari driving tax evaders
Every year, tax evasion costs Italy around €120bn in lost revenue. To crack down on the problem, officers are resorting to an unusual tactic to catch these criminals.
Italian police have set up checkpoints across parts of the country, where they stop high end luxury vehicles and then check the owner’s details.When a driver hands over their licence and registration, their information is then passed on to the tax agency to determine if that person has paid the proper amount of income tax. The police are then able to verify if that person has been paying enough duty.
Despite the inconvenience to its citizens, the scheme is actually working. After 2,806 tax checks, the government has been able to recover more than €68m in unpaid revenue.
The success of this scheme is now seeing tax evaders returning their prestigious sports cars to dealers and buying less conspicuous vehicles.
If you’ve always wanted a cheap Lamborghini, then it’s worth noting the 20% price drop in Italy’s luxury car market. Not only will you be able to pick up a bargain, but you will be helping their economy while you’re at it.
Photo ©M 93 via Flickr under Creative Commons Licence
Labels: income tax, Italy, Lamborghini, licence, luxury car
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posted by Fuse @ 12:59 AM 
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