Latest News:  
Beijing   Cloudy/Light rain    11 / 7 ℃  City Forecast


Italian police uncover rampant tax evasion scam


09:15, November 23, 2012

ROME, Nov. 22 (Xinhua) -- Italian police on Thursday said they uncovered a major tax-evasion scam in the central town of Urbino, the latest in a series of tax fraud scandals in the recession-hit country.

The scam, allegedly worth 30 million euros (38 million U.S. dollars), involved 14 companies all working with the same accountant who filed false tax statements. Four of them were reported to have totally evaded value-added tax payments for 1.5 million euros (1.9 million U.S. dollars).

With an estimated black economy worth nearly 20 percent of national gross domestic product (GDP), Italy ranks first in tax evasion in the European Union.

Fighting tax evasion has been repeatedly defined by Prime Minister Mario Monti as a "top priority for increasing Italy's credibility in the world."

"Tax evasion is a serious problem in Italy today for its pervasiveness and size," Marco Miccinesi, a noted lawyer and taxation law professor at the Catholic University of Milan, told Xinhua.

"Despite the increasing effectiveness of controls and greater civic awareness on the importance and relevance of the obligation to pay taxes, evasion still plagues our country, impeding a more equitable distribution of tax burden," he said.

【1】 【2】

We recommend:

Russians put on vintage military parade

Unforgettable moments you can't miss in November (I)

Advanced weapons on int'l defence exhibition

Most expensive diamonds in the world

The world in photos (2012.11.09-11.15)

DPRK's Kim, wife watch women's volleyball match


Leave your comment0 comments

  1. Name


Selections for you

  1. Weekly review of military photos (2012.11.19-11.23)

  2. Astronomy pictures of the week (11.18-11.24)

  3. The world in photos (2012.11.18-11.23)

  4. Boy saves classmate, loses own leg

  5. 10th China Int'l Auto Exhibition to be held

  6. World's highest-altitude civilian airport to open

  7. Yang Liping: rebirth like a phoenix

  8. Female students of CKGSB

Most Popular


  1. Encourage spending, not saving
  2. Car firms show up in droves
  3. Please show more tolerance for 'vulgar culture'
  4. Build society's bottom line for children
  5. China, Japan, S Korea should promote FTA talk
  6. Photovoltaic spotlight turns to domestic market
  7. 'Background competition' can trap anyone
  8. Potential huge for China to go 'green'
  9. Israel-Hamas ceasefire "victory" for Palestine
  10. Commentary: Hot money needs cooling

What’s happening in China

10th China Int'l Auto Exhibition to be held in Guangzhou

  1. 1st test flight lands at Daochengyading Airport
  2. It's a dog's life in the armed police force
  3. Toll-free roads this Spring Festival
  4. Whistle-blowing dairy manager dies
  5. Man sentenced to death for killing mother