The fight against tax evasion

Tax authorities: the Guardia di Finanza uncovers six million hidden in offshore tax havens in Imola

Operation carried out by the Bologna Provincial Command of the Guardia di Finanza. Cross-referencing of data revealed undeclared sums held by three taxpayers

by Rome Editorial Staff

22 June 2026

2' min read

Translated by AI

Versione italiana

2' min read

Translated by AI

Versione italiana

Six million euros undeclared to the tax authorities and held abroad by three taxpayers resident in the new Imola district. The discovery was made by officers from the Provincial Command of the Guardia di Finanza in Bologna, who have concluded a major economic and financial police operation aimed at combating international tax evasion.

Getting started with database analysis

The operation was carried out by officers from the Imola Unit of the Guardia di Finanza. The investigation began with a large-scale analysis of the databases used by the Corps. The use of data from the CRS (Common

(reporting standards), the international system led by the OECD for the automatic exchange of information

financial flows between countries.

In this way, the Guardia di Finanza has pieced together the exact details of current accounts and financial investments held abroad. This has enabled them to quantify the foreign income accumulated in the form of dividends, interest and

other gross income.

Data not included in the tax return

The investigations focused on three Italian citizens. Between 2015 and 2024, these individuals transferred and held financial assets in Switzerland, the Bahamas, Antigua and the United States totalling over 6 million euros, whilst failing to declare them in the tax monitoring section of their tax returns.

In the case of one of the taxpayers, who had transferred funds to the Bahamas and Antigua, the legal presumption applicable to countries considered ‘tax havens’ came into effect. As the source of the money had not been justified, the legislation required these sums to be treated as income entirely exempt from Italian taxation.

Tax recovery and penalties

The final bill presented by the tax authorities to the three tax evaders resulted in tax recoveries of approximately 2 million euros and further penalties for failure to monitor their affairs and for tax evasion via tax havens amounting to over 2.2 million euros.

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