Friday, May 02, 2008

Designer Denaro

All the financial news is fit to print in Italy:
The incomes and tax details of every Italian citizen have been published online in a move that has outraged the country's rich and famous.

A full list of names, birthdates, addresses, declared earnings and taxes paid in 2005 appeared on the website of the Italian National Tax Office on Wednesday morning.

The list was freely accessible and arranged alphabetically and according to region.

....Fashion designers led the way in earnings potential, with Giorgio Armani earning £35.1 million.

The duo behind Dolce & Gabbana, Domenico Dolce and Stefano Gabbana, picked up almost £23.5 million each, while Miuccia Prada and Donatella Versace earned a more modest £4 million euros and £1.7 million respectively.

....Beppe Grillo, a Left-wing comic who is Italy’s answer to Michael Moore, was left red-faced after his fans discovered he made more than £3.1 million a year.

"This is madness. People will be kidnapped, and ransoms can be calculated in proportion to incomes. The Mafia will no longer have to investigate, they can go to the tax site instead," he said.

The new government accused Mr Visco of taking revenge on Italy just as he leaves his office.

"This is a vendetta because he has been voted out of power. Not even George Orwell could have imagined this," said Mario Ferrara, a right-wing senator.

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