TAX FRAUD DISMANTLED, SEARCHES IN CREMONA – Telecolor

Cremona. The Guardia di Finanza and the Police, delegated by the Public Prosecutor’s Office of Reggio Emilia, also carried out a series of searches in the Cremona area regarding a huge tax fraud. The operation called “Titano” made it possible to identify a series of paper mill companies attributable to a person resident in the province of Reggio Emilia, established to issue invoices for non-existent operations to third companies including some Cremonese companies. Thanks to the cash dogs of the Financial Police, 80 searches were also carried out on individuals who appeared to be recipients of the false invoices. Three people were searched in the Cremona area, with the help of local financiers: a natural person and two legal entities. It concerns a 52-year-old man, born and resident in Cremona, and two companies, one based in Malagnino and the other in Casalmaggiore, recipients of false invoices for 130 thousand and 100 thousand euros respectively. Both would have obtained an illicit profit of 50 thousand euros. The purpose of the scam was in fact the evasion of income taxes and VAT. In practice, the paper mills carried out activities related to petroleum products, construction machinery, packaging, computers, and the sale of products via the internet, while the user companies operated in the field of wholesale trade in packaging, construction and clothing. . The 44 companies involved used, in their respective annual declarations for VAT and direct taxes, invoices for non-existent operations received from paper mill companies for approximately 62 million euros, in a time span ranging from 2018 to 2022