TaxPersonal TaxItalian taxman seeking £75m from Rossi

Italian taxman seeking £75m from Rossi

Stakes raised in battle with Italian taxman

The tax claim against
Valentino Rossi, the
motorcycling champion, has risen to £75m. This is made up of £40m in unpaid
taxes as well as a fine and interest.

The seven-time world champion is being sued for the money by the Italian tax
authorities as part of a massive government crackdown on tax avoidance.

The campaign is being led by prime minister
Romano Prodi, who says
tax avoidance is crippling the economy.

Rossi, 28, a seven-time world champion who claims to have settled in London,
has paid almost no taxes in Italy since 2000. The Italian tax authorities insist
he remains in effect a resident of Italy.

Further reading:

Motorcycle legend Rossi in Italian tax probe

Italian tax dodging reaches ‘indecent level’

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