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Wednesday, November 14, 2012

Beating tax cheats key to Italy's recovery plan

This undated handout photo provided on Oct. 24, 2012 by the the Guardia di Finanza, Italy's financial police corps, shows a tax police officer next to a confiscated Ferrari, at the Guardia di Finanza quarters, in Pescara, Italy. Good plumbers might be worth their weight in gold, but when one was spotted zipping around near the town of Pescara in a bright red Ferrari, Italian tax police were fast on his trail. Eradicating entrenched, endemic tax evasion is crucial to Premier Mario Monti's quest to keep Italy from succumbing to the European debt crisis, and it is critical to fellow euro-zone members in more dire straits, such as Greece and Spain. (AP Photo/Courtesy of the Guardia di Finanza, ho)Good plumbers may be worth their weight in gold, but when one was spotted zipping around in a bright red Ferrari, Italian tax police were fast on his trail.



READ THE ORIGINAL POST AT news.yahoo.com
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