Pier Carlo Padoan said authorities had documented 444 separate cases in which 30 billion euros ($33.7 billion) were moved out of Italy last year.
Of that, 21 billion euros came from Italian individuals and firms setting up false foreign residencies, looking to pay lower taxes in other countries, including offshore tax havens.
During the first five months of this year, another 220 cases of fake foreign residences and transfers abroad "in particular to areas known for the lack of transparency of their financial systems" were discovered, finance police said in a statement. [...]
Padoan, speaking at a commemoration ceremony for the finance police, put a spotlight on the sums that continue to be shifted out of the country after Prime Minister Matteo Renzi said last month that a "voluntary disclosure" tax amnesty scheme implemented last year might be adopted again to raise revenue.
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