The Italian Minister of Economic Development, Corrado Passera, is under investigation: the Banca Intesa, which was the CEO, got abusive and illegal tax benefits.
In recent years, while the current minister was the CEO of the bank, some banks, with Intesa in the first line, bought by the handful what in slang is called "tax products". Or financial products that "are intended for the sole purpose of obtaining tax benefits abusive or illegal". In a nutshell: the bank makes a profit millionaire and the public purse should pay the bill.
You can read the details here:
Unfortunately in Italy the ministers enjoy immunity, but the news I think is equally positive in view of future developments .... :)
Un grandissimo abbraccio dall'Italia
One Love
7/05/2012
The Italian Minister of Economic Development, Corrado Passera, is under investigation: the Banca Intesa, which was the CEO, got abusive and illegal tax benefits. | The Galactic Free Press
via soundofheart.org
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