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Financial police seized plane, VAT has not been paid

Milan, Italy - Cessna 525 jet plane owners have been charged with fraud against EU and smuggling

Two businessmen, one comes from Milan, the other from Verona, have been charged with fraud against EU and smuggling since they did not pay VAT (Value added tax) concerning the purchase of a Cessna 525 jet airplane. The aircraft is registered in the United States, has been bought 2 years ago through a foreign company for EUR 1,340,000 and it was managed, on behalf of the owners, by a company of...

AVIONEWS - World Aeronautical Press Agency - 1082595
Rome, Italy, 11/26/2007 16:47
AVIONEWS - World Aeronautical Press Agency

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