Photo: Leo-seta via Flickr
A raid by Italian tax officials on a luxury ski resort revealed dire rates of tax evasion, reports the Telegraph. Officials traced the licence plates of several of the Lamborginis, Ferraris and other high-end vehicles that lined the streets of Cortina d’Ampezzo, a popular ski resort among wealthy Italians. In all, 133 vehicles were investigated; the owners of 42 of these were found to have reported annual salaries of less than $28,000 a year.
The investigators also reportedly found that hotels, restaurants and boutiques in the resort were wildly under-declaring how much income they were generating.
For example, Reuters reports that restaurants being studied by authorities were issuing sales receipts amounting to 300 per cent more sales than the previous year. This demonstrated the fact that such establishments had not previously issued sales receipts in order to cut down their tax bills.
The news wire also added that tax evasion is becoming such a severe problem in Italy that the government is installing special dogs at borders, designed to sniff out bank notes with the aim of stopping people smuggling their savings abroad.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.