Everyone in Europe tries to evade taxes in every way they can think of.
This is a lie by the Italians that is being sold by the dirt bags at Reuters. There is no other reason that they are cracking down on cash spending and savings going to Switzerland than to conserve the limited amount of cash the country has access to. They are going to loot the banks to keep their out of control welfare spending going. There are no serious cuts in the bloated size of Gov't there, just new schemes to keep them afloat. There is a new Mussolini in town and his name is Mario Monti. Italy will collapse.
The higher the taxes, the higher rate of tax evasion.
DUH....
This will not help the luxury car market in Italy. ;-) I wonder if they will try this in Greece?
Government's hate competition, and public employees even more. It is they who want to loot the public exchequer, and these evaders are robbing them the opportunity to pad on an extra week of vacation to their already generous six weeks, and if they don't confiscate even more wealth, the public employees likely won't be able to retire at age 40 with a lifetime of public benefits and retirements to float them along.
Once public employees learned that they could set their salaries and benefits with little to no public notice or objection, the looting of treasuries around the world was ignited. I sweep floors, I deserve 95% of my salary for the rest of my life, along with thrice that amount in health benefits for myself, my wife, my children, and even the grandchildren which I now claim as living with me!
Worse are these so called 'disability retirements' where each minor injury counts as a permanent percentage of disability - once the magic number is reached, retirement ensues. I got a scratch on my finger, that's 1% - 85 more of those, and I'm set for life!
Does this mean every public employee is corrupt? No. But every public employee should have their salary and benefits set by the public, not themselves. They should never exceed the salary or benefits of private enterprise. A window drone should pull down the same salary as someone at McDonalds, with the same benefits as well. Anything more, and you are embezzling public funds for personal gain. And honestly, I'd like to see most arrested for this crime.
What ever happened with John Kerry’s boat?
You could look at it that way. Or you could more realistically look at it as citizens STOPPING the government from robbing THEM. After all, the money belongs to the citizens, not the exchequer. Right?