Italy’s rich moving yachts amid tax crackdown

In an attempt to tackle Italy’s (US) $2.3 trillion debt crisis, thousands of wealthy yacht owners are fleeing Italian shores to escape a tax evasion crackdown. Prime Minister Mario Monti launched a campaign six months ago against suspected tax evaders, and as many as 30,000 yachts have fled to safer shores in the hope they will not get caught.  More…