‘Destitute’ private jet owner fined thousands for tax fraud

Share this article

The private jet-owner claimed to have no income or property. File photo: Bob Adams/Flickr
12:37 CEST+02:00
A man who claimed to have no property or income, but actually owned a private aeroplane, has been charged with tax evasion by Italy's finance police.

The 38-year-old works as an entrepreneur in the agricultural sector in Ciriè, a town northwest of Turin, according to local paper TorinoToday.

He did not submit tax returns, saying that he owned no property and had no income.

But far from being a destitute farm worker, police discovered the man actually owned eight homes, 137 plots of land, and a private jet. He also had eight current accounts, used to hide an undeclared income of around €750,000.

The man now faces charged for evading €250,000 of taxes, and investigators have seized property worth around €260,000 to ensure that the repayments are made.

An EU-wide survey published earlier this month revealed Italians as the biggest tax-dodgers in the EU, and not for the first time. The state missed out on €36.9 billion in unpaid VAT tax in 2014.

Story continues below…

The government has pledged that this debt will fall in 2016 and has taken steps to tackle tax evasion, including a "no questions asked" appeal to suspected dodgers to put their affairs in order.

Share this article

From our sponsors

Last chance to vote absentee in the US elections

Election Day in the U.S. is less than a month away, and time is running out for Americans living overseas to vote absentee. Here's what to do before it’s too late.


Popular articles