The 251 years of the Gdf, Vinciguerra: 'Money laundering and financial abuse the new frontiers of stablecoin'

Our operational activities confirm that false invoicing can constitute a suitable tool not only for tax evasion, but also a privileged means of money laundering. In other words, the false invoice, in simulating a fictitious supply of goods and/or services, is aimed at justifying the underlying financial transaction, thus achieving a money laundering purpose. In the last 17 months, also thanks to information from electronic invoicing, 20,918 subjects were reported for tax offences, of whom 496 were arrested. And assets from tax evasion and fraud worth more than EUR 6.2 billion have been seized.But for years now, commerce has had no boundaries with e-commerce and the digitalisation of services such as that of the so-called influencers.

How are you doing?

Thanks to risk analyses conducted by the Nucleo speciale tutela entrate e repressione frodi fiscali (Special Revenue Protection and Tax Fraud Repression Unit) in synergy with the Revenue Agency, which detected an inconsistency between the tax capacity declared by some taxpayers and the significant popularity of these subjects on social networks, especially in terms of followers. This inconsistency revealed elements symptomatic of evasion, including the omission of declarations of income from the activity carried out by creators, the instrumental use of corporate shields to benefit from a more advantageous tax regime, or the fictitious transfer of residence abroad, in order to fully evade taxation on income from creator activities.

Turning to physical trade, which new forms of illicit trade are you focusing on?

Our Corps wants to protect honest taxpayers, who form the backbone of the country, and to make a contribution to building a healthy financial economic system. Having said this, the controls have identified new forms of concealment of receipts from the tax authorities. These include the use of Pos for electronic money payments linked to correct foreign support accounts or accounts in the name of parties other than the merchant. Spotlights on the subjects with the highest risk? The comparison between revenues collected with electronic payments and those stored provided interesting results. In the last period, one department concluded an inspection against a merchant who had failed to declare revenue of more than EUR 1 million.