Italian ski resort lays bare tax evasion

From telegraph.co.uk

Tax officials traced the owners of 133 Lamborghinis, Ferraris, SUVs and other top-end cars that they found parked in the snow-lined streets of Cortina d'Ampezzo, a winter playground for the rich and famous in the Dolomites. They found that 42 of the owners – nearly a third – had declared incomes of less than 22,000 euros (£18,000) a year. A further 16 claimed to be earning less than 50,000 euros a year. The investigation, in Italy's answer to St Moritz, highlights a nationwide problem of Italians cheating the tax man by hugely under-declaring their incomes or declaring no income at all. The spot checks were ... (full story)