Italy targeting Ferraris to catch tax evaders... | FerrariChat

Italy targeting Ferraris to catch tax evaders...

Discussion in 'Ferrari Discussion (not model specific)' started by ApexOversteer, Jan 6, 2012.

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  1. ApexOversteer

    ApexOversteer F1 Veteran

    Feb 15, 2007
    5,968
    Smoky Mountains, TN
    Full Name:
    T.A. Bell
    I have a feeling we're going to see a glut in the second hand Ferrari market in Italy real soon... 430's and 360's with motivated sellers...
     
  2. Ferrarista3

    Ferrarista3 F1 Rookie

    Oct 30, 2007
    4,595
    MC/UK
    Full Name:
    Carlo
    See this thread--> http://ferrarichat.com/forum/showthread.php?t=350275&page=3

    God know how many times I got stopped in the 599 in the past couple of years for "random checks" by the various law enforcement entities in Italy...

    It feels a bit like a witch-hunt to be honest. In this current climate it almost feels like a crime to drive an Fcar in Italy.

    As you said, however, there will be some very interesting deals coming up on the Italian second-hand car market.
     
  3. 134282

    134282 Four Time F1 World Champ
    BANNED

    Aug 3, 2002
    40,647
    California
    Full Name:
    Carbon McCoy
    This is one of the main reasons it's so difficult to log serial numbers from Italian Ferrari owners and Ferraris in Italy.
     
  4. JeremyJon

    JeremyJon F1 Veteran

    Jul 28, 2010
    7,569
    Calgary, Canada
    jeez...this whole world is going to **** by bureaucrates and busy bodies govn'ts.....isn't this technically "profiling" = hey you have nice stuff, so you "must" be a criminal .....ugh
     
  5. burriana

    burriana Formula 3

    Jul 8, 2004
    1,675
    North Yorkshire UK
    Full Name:
    AL
    Surely it only bothers those who have something to hide? Sure, getting a random pull may be a minor inconvenience, but I'd rather that than have people swanning around and getting off with taxes and insurance and all the rest of it that us normal people have to pay.
     
  6. Johnny Canuck

    Johnny Canuck Karting

    Sep 11, 2011
    96
    Newmarket Ontario
    Full Name:
    John
    Since I'm in the market for an F-car, I kind of hope the posters thoughts above come true, as any break in the price would be most helpful right now.

    However, I doubt the market will cave in. I suspect most Italian F-car owners won't be giving up their luxuries. They will learn to shrug their shoulders at the evolving tax structure and pay up...just like we do in Canada...and they will continue to enjoy their F-cars and cappuccinos while living the lifestyle they have become accustomed to.

    Image is big deal and nobody wants to have their's shrink in front of their neighbours and family. Just think, once the underground economy gets under control, if you're seen driving an F-car, then everyone will know you have the wherewithal. Demand might even go up!
     
  7. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,457
    Full Name:
    Joe Mansion
    I dont think it is that easy. Dont forget people who are not paying taxes because they cant declare their income (illegal activities). If these people are part of those caught in the article, it will be harder for them to come clean and pay taxes. I guess it depends how hard the italians will look at each case.
     
  8. MacGeek

    MacGeek Formula Junior

    Oct 4, 2007
    368
    Torino, Italy
    I also do get stopped relatively often, but usually it's because the officers are curious about the car, it's the first they ever saw, or want to know more about it and have a look and a chat. Maybe they're more benevolent with Alfa Romeos? :D
     
  9. DennisForza

    DennisForza Formula 3

    May 23, 2006
    1,814
    Arlington, VA
    Full Name:
    Dennis
    So they will clean up some vice and organized crime along with getting the taxes owed, sounds like a good over all for their Nation to me.
     
  10. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
  11. PV Dirk

    PV Dirk F1 Veteran

    Jul 26, 2009
    5,401
    Ahwatukee, AZ
    #11 PV Dirk, Jan 6, 2012
    Last edited by a moderator: Sep 7, 2017
  12. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
    Full Name:
    Franklin E. Parker
    I agree to the extent tax evaders should be caught and prosecuted, whether in Italy or the USA. If everyone paid the taxes they owed, the tax rate for everyone would be lower.
     
  13. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,131
    Portland, Oregon
    Full Name:
    Don
    Italians are not going to turn into Canadians-- rather, they will find new loopholes or ways to get around the taxes.

     
  14. rmani

    rmani F1 Veteran
    Owner Silver Subscribed

    Nov 1, 2003
    7,334
    NJ
    Full Name:
    RMani
  15. h2oskier

    h2oskier F1 Veteran

    Oct 1, 2006
    5,252
    inside someone hot
    Full Name:
    MJA
    Well profiling worked.

    So I guess they should

    Tax evasion is illegal and it's just one more reason people might profile Ferrari drivers as being shady.

    Good for the government in this case. White collar crime doesn't bode well with me.
     
  16. JazzyO

    JazzyO F1 World Champ

    Jan 14, 2007
    12,156
    The Netherlands
    Full Name:
    Onno
    All fine in theory but I get irritated by being singled out. In Holland there were tax guys lying in the bushes at a Ferrari charity event for cancer kids, writing down number plates. They do not do this at Porsche events or other expensive car events. It it is very specifically Ferrari they do this with. To me, that is just pettiness fueled by jealousy. And it seems the Italian government is doing something similarly biased. I am already expecting trouble when I pick up my 458 at the factory on export plates, upcoming May. I'll make doubly sure I have my paperwork in order and will try to avoid unwanted attention.


    Onno
     
  17. spyke

    spyke Formula Junior

    Dec 14, 2011
    433
    Place To Be
    Full Name:
    Kevin
    This issue was not only happening in Italy but over the world. That makes the economy on every country decreasing and getting worst. I hope this tax evaders will be caught and give them what they deserve.
     
  18. F328GTS/GTB

    F328GTS/GTB Formula Junior

    May 3, 2005
    517
    France
    Full Name:
    Denis
    #18 F328GTS/GTB, Jan 7, 2012
    Last edited by a moderator: Sep 7, 2017
  19. 328gts1987

    328gts1987 F1 World Champ
    Lifetime Rossa Owner

    Mar 11, 2007
    13,009
    Rotterdam Holland
    Full Name:
    Fred
    I am sorry but, never this will happen. If you make more profit at your shop/whatever you lower the prices the next year???
    Time tells what will happen in Italy, passionata will stick I am sure...
     
  20. spyke

    spyke Formula Junior

    Dec 14, 2011
    433
    Place To Be
    Full Name:
    Kevin
    I don't agree on this. Even though those tax evaders pay their taxes, the taxes still be the same.
     
  21. PV Dirk

    PV Dirk F1 Veteran

    Jul 26, 2009
    5,401
    Ahwatukee, AZ
    Here in the states our politicians love lowering our tax rates even if it means going further in debt, so I'm in favor of holding everyone accountable.
     
  22. h2oskier

    h2oskier F1 Veteran

    Oct 1, 2006
    5,252
    inside someone hot
    Full Name:
    MJA
    At least they are bright enough not to go after the guys driving the 70's Fiat 500's.
     
  23. ferraripete

    ferraripete F1 World Champ

    i feel similarly!
     
  24. DF1

    DF1 Three Time F1 World Champ

    +1 and if 'white collar' crime were dealt with and effectively, 'Occupy whater' wouldnt matter at all. That being said the corruption in governments could also use a finer microscope so collected tax was used effectively as well.
    One can only hope.
     
  25. DennisForza

    DennisForza Formula 3

    May 23, 2006
    1,814
    Arlington, VA
    Full Name:
    Dennis
    Here in the States, the "evil Bush tax cuts" were put into play based on the 2000 budget surplus. Taxes might not always be cut when more revenue appears, but it makes it very hard for a politician to get higher ones approved when they are already flush from folks paying their fair share.
     

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