• On 30 December 30, 2011 80 tax officials launched a raid at Cortina D'Ampezzo.
• They traced the owners of 133 luxury cars: 31.5% had declared incomes of less than 22k EUR + 12% between 22k and 50k
• Another 118 were owned by companies: 16% had declared losses, 31% had declared income of under 31k
• Spot checks carried out on hotels etc: one boutique (revenue 1.6m EUR), could not produce a single receipt
• Black Economy estimated at 17.5% of GDP
• National Debt of 120% of GDP
• Primary fiscal surplus of 1.7%, aims to increase to 5% from 2013

Interesting statistics, one would assume correcting tax evasion would massively help Italy's National Debt problem.

These statistics are sourced from Hunter Hall