Tax evasion costs Italy every year more than € 90 billion – Financieel Dagblad (Registration)

Tax evasion costs Italy every year more than € 90 billion – Financieel Dagblad (Registration)

The Italian Ministry of Finance has calculated that the country tax evasion amounting to 6% of GDP goes wrong

After football is perhaps the favorite sport of Italians: tax evasion. Now it is calculated that this land will cost approximately € 91 billion per year, equivalent to 6% of the Italian GDP. The country has entered the third recession in six years and has been trying to get. Government finances in order a few years

Inspections

Reuters news agency reported on the basis of a report by the Ministry of Finance that controls 94% of the cases there was a form of avoidance. It involved more than 700,000 inspections of businesses and self-employed by the Italian tax authorities.

Evasion

In addition to tax evasion, which is forbidden, the Italian state revenue backfires through tax evasion by Italian multinationals. By setting up tax structures through countries including the Netherlands which companies try reduce the tax burden. However, because the Italian government is a shareholder of some of these multinationals, including oil giant Eni, the state also will benefit from this tax avoidance.