Offshore Piracy?
If you follow the Italian news, then you will know something of the amnesty designed to recoup the billions Italians have stashed out of the reach of Italy’s taxman in comfy offshore accounts. Said amnesty has, so far, seen some 80 billion Euros return to Italian banks. A not inconsiderable sum, I’m sure you will agree. As a consequence of its success, the amnesty has been extended well into 2010 to encourage even more of Italy’s tax dodgers to bring their gains back within the grasp of Italy’s cash starved taxman. Offshore Banking Now, the odd thing is that some of those who have taken advantage of Italy’s amnesty will be more than a little relieved to place their dosh in the coffers of honest Italian banks. Indeed, from what I have heard, some are literally scrambling to move their offshore fortunes onshore
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Offshore Piracy?