Italian resort reveals widespread tax evasion

AP Photo/Marco Trovati

One of Italy's most exclusive ski resorts, Cortina d'Ampezzo (pictured) has been subject to a raid as part of Mario Monti's new government crackdown to claw back undeclared revenue, according to a report in the Telegraph.

The inspection has laid bare incredible levels of tax evasion and highlights a nationwide problem of Italians hugely under-declaring their incomes.