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November 15, 2012

Italian tax police pull out the big guns

  • Authorities are going after Ferrari-driving plumbers, high-earning professionals and big business to capture the billions that tax evasion costs the country every year.
    Associated Press

    ROME — 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.

    Stamping out entrenched 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 eurozone members in more dire straits, such as Greece and Spain — which are also notorious for making cheating the taxman a way of life.

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