Undeclared Italian earnings equaled 56 bln euros in 2012
'Extend statute of limitations on tax crime' says Capolupo18 March, 17:40
"Italy has high taxes, but also a high rate of tax evasion, which is a major obstacle to a competitive market", General Saverio Capolupo told MPs.
"The phenomenon has reached such proportions that countermeasures can no longer be put off".
Of the total undeclared revenue, more than 17 billion euros were earned in international operations and 22.7 billion euros were domestic earnings, Capolupo explained.
The general urged lawmakers to extend the statute of limitations on tax evasion, which currently expires after eight years, and to make false accounting a crime. "Accounting fraud is not a purely civil issue, because it has tax implications", Capolupo said.