uk.reuters.com/article/2012/01/05/us-italy-tax-evasion-idUKTRE80415U20120105
"Italian officials combating a national plague of tax evasion hit the jackpot in a swoop on a posh ski resort, catching 42 drivers of Ferraris and other luxury cars who had declared incomes of less than 30,000 euros ($38,700) a year.
They have now reported that of 251 "super cars" checked in the Dolomites town, 42 belonged to people "who could barely make ends meet" on declared annual incomes of less than 30,000 euros, and 16 to people with declared incomes of under 50,000 euros.
Some 19 luxury cars were owned by companies that declared a loss in both 2009 and 2010, and 37 by firms reporting annual revenue below 50,000 euros, the inspectors' statement said.
Their bonanza did not stop there.
Their investigations of Cortina's swish restaurants showed that the receipts recorded by cash tills under surveillance were 300 percent higher than those declared a year earlier, before Italy was hit by the worst of the economic crisis."
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Despite the reputable source this has 'urban myth' written all over it. The BBC's More or Less debunked a remarkably similar one late last year - only the supposed location was Greece and the supposed cars were Porsches. They interviewed a senior Porsche exec who had a good chuckle over the story.
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"Poor" Italian Ferrari owners - WillDeBeest
