Yacht Owners Flee Italian Waters; Boating Industry Loses €200 Million
Due to scare tactics tax inspectors have enforced to weed out tax evasion, Italy has lost 10 to 15 percent of its boating customers.
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In the midst of summer, Italy is missing an integral part of their culture and economy. About 30,000 yachts have fled Italian waters this year, totaling about €200 million in lost revenue, according to the Italian Association of Marinas Assomarinas.
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