Villas rented in Sardinia, the Guardia di Finanza discovers tax evasion worth 55 million euros

Villas rented in Sardinia, the Guardia di Finanza discovers tax evasion worth 55 million euros
Villas rented in Sardinia, the Guardia di Finanza discovers tax evasion worth 55 million euros

A group of Swiss-German companies targeted, five suspects

CAGLIARI. A tax evasion of over 55 million euros in the sector of tourist rentals in Sardinia was discovered by the Cagliari Financial Police by a Swiss-German corporate group active in Sardinia in the sector of tourist rentals of high-quality properties. The administrative investigations, which covered the tax years from 2013 to 2019, are the result of a broader judicial police investigation, launched in December 2019 and continued until October 2021, conducted by the military of the Economic Police Unit. financial institution of Cagliari under the coordination of the local Public Prosecutor’s Office and which, thanks to the analysis of thousands of documents, computer files and over 4,000 e-mail conversations acquired in the context of specific search activities, made it possible to reconstruct the actual operations in Italy of a company governed by Swiss law, characterized by a business model based on the prior leasing by third parties of a large number of villas located on the Sardinian coasts in the subsequent sub-letting of the villas to foreign tourists, for periods mostly on a weekly basis. The Fiamme Gialle have identified a “hidden permanent establishment”, operating in Sardinia, whose effective management took place with the support of staff employed by the Italian company, in which more than 34 revenues to be taxed in Italy were produced – and concealed – million euros for income tax purposes and over 17 million euros for IRAP purposes. The investigative reconstruction has, in fact, made it possible to detect how the Swiss company, not operating in the country of incorporation, had “nested” its operational structure directly within the Italian company connected to it and, therefore, concealed an economic structure, present permanently on the national territory, making use, among other things, of its employees also for the conclusion of contracts with the owners of the villas rented to tourists, made to appear as completed abroad, but which, in reality, took place in Italy through the affixing of scanned signatures. The Italian collaborators also took care of collecting the payments in cash, due from tourists for the balance of the tourist packages purchased, subsequently used by the administrators both for the operating needs of the company and for those of a private nature. (luciano onnis)

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Villas rented Sardinia Guardia Finanza discovers tax evasion worth million euros

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