Italy roots out 13,000 suspected tax cheats

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Italy tax photo: Shutterstock
08:30 CEST+02:00
Italy's financial police pressed charges against over 13,000 people for suspected tax fraud in 2014, more than half of whom were not declaring any income, a new report showed on Wednesday.

Nearly 150 people were jailed for tax crimes while officers seized goods worth a total of €1.2 billion ($1.29 billion) during related probes, the financial police yearly report said.

Tax evasion in Italy costs some €91 billion a year, according to the finance ministry - which equates to around six percent of national output in the eurozone's third largest economy.

In their fight against organized crime, police seized assets worth €3.3 billion and permanently confiscated others worth €733 million, which were then turned over to the state.

Over 900 people were reported on suspicion of corruption or bribing public officials, with 44 ending up behind bars.

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Investigations into the grey economy found nearly 12,000 people working off the books and over 13,000 on irregular contracts, the report said.

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