Italy Finds Chinese Textile Enterprises Evade Taxes With Fake Invoices

Guardia di Finanza (GDF) of Italy's Finance Bureau launched a secret tax plan when investigating other cases, and found a complete tax evasion plan.

The tax evasion plan is to make false statements through 10 Chinese companies and reduce company revenue.

None of these companies has submitted.

At the end of the survey, the Italy Finance Bureau found that 1200 Chinese companies in Italy were involved in the production of fake invoices, swindling about 250 million euros, and unpaid vat of 45 million euros.

The second generation of Chinese, graduates from Italy University, are the financial advisers of Italy Chinese companies. They are the main drivers behind these scams.

Supplement:

According to the statistics of China Customs, the export volume of Turkey's textile and clothing products in the first 5 months of this year was US $711 million, a significant increase of 120.32% over the same period last year.

Among them, textile exports accounted for 71.26%, an increase of 113.11% compared with the same period last year, and clothing exports accounted for 15.96%, an increase of 131.26% over the same period last year.

According to Chinese customs statistics, in the first 5 months of this year, China's exports of textiles and clothing to Brazil amounted to US $929 million, a significant increase of 108.01% over the same period last year.

Among them, textile exports accounted for 64%, an increase of 124.35% compared with the same period last year; clothing exports accounted for 32.06%, an increase of 80% over the same period last year.

Brazil and Turkey are important markets for China's textile and garment exports, ranking twenty-first and twenty-seventh in our export market and also in areas with high trade frictions.

After the end of the textile quota system in 2008, the two countries continued to impose restrictions on my textiles.

Since the beginning of this year, I have been making rapid progress in the textile and clothing export of these two countries, and the export growth has exceeded the average growth rate of global exports.

Brazil and Turkey continue to ask for consultation with our government on textile issues, and take anti-dumping measures against some of their products in order to continue to restrict the import of our textiles. The Chinese textile import and Export Chamber of Commerce has responded firmly to the government.

In order to ensure the sustainable development of China's textile and clothing exports, the China Textile Import and Export Chamber of Commerce invited enterprises to pay attention to the export situation and market development trend of textile and clothing products in Turkey and Brazil.