tax evasion

Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their ...

About a month ago, we brought you news of a monstrously powerful one-off from Koenigsegg called the Agera R BLT. At the time we reported that the car was being built for a Chinese man of some great wealth and that the $2 million price tag represented the floor for a custom job like this. Now it ...

Italy is dealing with a financial crisis that placed it just behind Greece on the list of dangers to the stability of the euro, and with €1.9 trillion in public debt the country hasn't hesitated to turn over its couch pillows searching for every contribution. It started a couple of years ago ...

Former Volkswagen CEO Bernd Pischetsrieder has successfully managed to avoid tax evasion charges in Germany by agreeing to donate around $193,000 to various charities, according to Automotive News. Pischetsrieder had been charged with evading more than €230,000 in taxes between 2000 and 2003 ...

The Italians don't play when it comes to tax evasion and financial crimes, with a special branch of the army called the Guardia di Finanza solely devoted to busting those who play with numbers. Flavio Briatore is one of the most recent big fish caught in the Guardia's net; his $22-million yacht, ...

Helio Castrovenes has been acquitted of tax evasion and avoided a six-year jail sentence after a Miami jury deliberated on the case over six days. Castroneves, the two-time Indianapolis 500 winner and Dancing with the Stars alumni, was accused of six counts of tax evasion over the course of five ...

IndyCar great Helio Castroneves is in the legal fight of his life, and the timing couldn't be worse (like seven felony counts ever come at a good time). Castroneves goes on trial for tax evasion charges on March 2 in Miami, just one month before the IndyCar season begins in St. Petersberg, ...

Helio Castroneves has known only success in pretty much everything he's ever attempted, whether it be open-wheel racing or his fancy footwork on Dancing with the Stars. But the Brazilian-born driver is going to need more than quick feet and a knack for racing to get the Internal Revenue Service off ...