170,000 Italians

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FT.com / Europe - Italy begins to tighten tax screw.

This week the tax authorities in Rome launched an investigation into the estate of Gianni Agnelli, the Fiat chairman who died in 2003. His daughter, Margherita Agnelli de Pahlen, has gone to court to seek what she has called a full accounting of her father’s assets, alleging that some of them are held in undeclared Swiss bank accounts.

The Agnellis are not alone in being the object of ever more intense interest from the tax authorities. The Agenzia delle Entrate, the Italian tax office, said 170,000 Italians were being investigated for undeclared assets held, allegedly, in secret bank accounts, mostly in Switzerland.

So few, given the reputation of the Italianms on this issue?

But more importantly, my contacts with Swissmedia suggest they still just don't get how the rest of the world feels about them.

So it's good to have another state join the attack.