Fighting tax evasion with social media data
The government is looking at the use of data scraping from social-media platforms in the battle against tax evasion, Deputy Economy Minister Maurizio Leo said on Wednesday.
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Category: Business
Italy uncovers Chinese shadow banks fraud
Italian authorities announced on Thursday the discovery of a tax fraud scheme involving 85 suspects and a staggering €1.7billion in false invoices. The intricate operation utilised a network of so-called Chinese shadow banks for money laundering.
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Italy’s debt down to 140.6% of GDP but economic deceleration predicted
In its most recent projection, the Bank of Italy anticipates a further deceleration in the country’s economy in 2024, coupled with a rise in inflation. However, Eurostat announced today that Italy’s debt to GDP ratio was down in the third quarter of 2023.
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Lufthansa concessions made to EC over ITA Airways deal
On Tuesday, German carrier Lufthansa acknowledged it has made concessions to the European Commission (EC) in an effort to secure approval for its proposed acquisition of a 41% stake in Italy’s ITA Airways.
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The world’s most expensive cities
The cost-of-living crisis which started in 2022 may have slowed slightly but western Europe accounts for 4 of the top 10 world’s most expensive cities. Milan is Italy’s highest placed city with a ranking of 80.
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Coca Cola – Ferragni collaboration suspended by soft drinks firm
Coca Cola said Friday (05/01/2024) it has suspended its collaboration with social influencer Chiara Ferragni over the Pandoro charity affair. The Coca Cola – Ferragni collaboration would have included a TV advert.
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Father Paolo Benanti new President of AI Commission
Father Paolo Benanti is the new president of the Artificial Intelligence (AI) Commission on Information.
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Italy bottom of league for female employment
In the last quarter of 2022, the rate of female employment, for women aged between 20 and 64, was 55% in Italy.
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Sparkling year for Italian spumante
In 2023, Italian spumante will have outsold champagne with an estimated 95million bottles uncorked in Italy during the festive season, compared to around 6million bottles of Champagne.
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Fourth instalment of NRRP received
The government is “very satisfied” with the disbursement by the European Commission of the fourth instalment of Italy’s national recovery and resilience plan (NRRP). It is worth €16.5billion, European affairs minister Raffaele Fitto said on Thursday.
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