Why Italian supercar sales horrible in Italy? - Ferrari Life
 
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post #1 of 11 Old 04-23-2013, 09:10 PM Thread Starter
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Why Italian supercar sales horrible in Italy?

Not sure what to say to this article, but I'll let you read it and discuss

All I can say is, socio-economic profiling anyone?

Checkpoint Carlo: How Tax Cops Killed Italy’s Supercar Market | Car and Driver Blog

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post #2 of 11 Old 04-23-2013, 09:16 PM
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Mike- Too many tax cheats in Italy. The story is correct. Only about 300 Ferraris were sold in Italy in 2012, a huge reduction in sales. Taxes on luxury cars were increased gigantically.

Big problem is endemic. They need to fix their tax system so they can track income like the IRS does.

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post #3 of 11 Old 04-23-2013, 10:08 PM
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The tax increases related to engine size have also killed the used Ferrari market in Italy. Just a terrible situation. As is usual in these cases, when a government implements a massive tax increase on a select target group with means, that group finds friendlier pastures. Many Italians have just moved there car collections/registrations to Switzerland and Germany.
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post #4 of 11 Old 04-23-2013, 11:00 PM
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The Italian police took photos of all super cars driving on the motorways and provided the license plates to the tax inspectors. Owners could be sure to have a tax control! It happens to me when crossing the Italian border and had to prove that I'm not an Italian who is hiding his Ferrari in Switzerland... With such a pressure from the police and tax, no wonder that sales dropped in such an extensive way.
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post #5 of 11 Old 04-24-2013, 09:24 AM Thread Starter
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Yeah I guess I didn't know this problem was so huge until I read that article. So crazy. And I thought the "rich" got taxed a lot here in the States!

Don't blame the owners for registering their supercars outside Italy....

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post #6 of 11 Old 04-24-2013, 10:02 AM
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Mike- No, but you can blame them for not paying taxes they legally owe.

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post #7 of 11 Old 04-24-2013, 02:07 PM
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Quote:
Originally Posted by tazandjan View Post
Mike- No, but you can blame them for not paying taxes they legally owe.
Absolutely!

Club Med is suffering from a system which isn't working.

Zero solidarity on society level but an extremely high level of solidarity on a person to person level. Having lived half of my life in Mediterranean cultures this never stops to baffle me. A friend in the Med region is a friend forever with endless solidarity. Alas when you try to bring that solidarity to a national level it turns into theft and every one for himself. A credible system is urgently needed with good leaders imposing it and a sharp authority watching over it.

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post #8 of 11 Old 04-24-2013, 03:58 PM Thread Starter
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Quote:
Originally Posted by tazandjan View Post
Mike- No, but you can blame them for not paying taxes they legally owe.
Taz,

I agree 100%. I'm not saying tax evasion is acceptable, I mean I see why owners who are paying their taxes are going to extremes to own a supercar - getting registered, titled outside of Italy, etc

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post #9 of 11 Old 04-24-2013, 07:33 PM
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It was a double hit - the Gov't should go after the wrongdoers.

In the US we have something similar called a gas guzzler tax which is a one time cost on a new vehicle.

I think there is more to this story than meets the eye.

Unadjusted MPG (combined) Tax
at least 22.5 No tax
at least 21.5, but less than 22.5 $1000
at least 20.5, but less than 21.5 $1300
at least 19.5, but less than 20.5 $1700
at least 18.5, but less than 19.5 $2100
at least 17.5, but less than 18.5 $2600
at least 16.5, but less than 17.5 $3000
at least 15.5, but less than 16.5 $3700
at least 14.5, but less than 15.5 $4500
at least 13.5, but less than 14.5 $5400
at least 12.5, but less than 13.5 $6400
less than 12.5 $7700
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post #10 of 11 Old 04-25-2013, 01:11 AM
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Quote:
Originally Posted by champagne612 View Post
It was a double hit - the Gov't should go after the wrongdoers.

In the US we have something similar called a gas guzzler tax which is a one time cost on a new vehicle.

I think there is more to this story than meets the eye.

Unadjusted MPG (combined) Tax
at least 22.5 No tax
at least 21.5, but less than 22.5 $1000
at least 20.5, but less than 21.5 $1300
at least 19.5, but less than 20.5 $1700
at least 18.5, but less than 19.5 $2100
at least 17.5, but less than 18.5 $2600
at least 16.5, but less than 17.5 $3000
at least 15.5, but less than 16.5 $3700
at least 14.5, but less than 15.5 $4500
at least 13.5, but less than 14.5 $5400
at least 12.5, but less than 13.5 $6400
less than 12.5 $7700
Is this for new cars only? What about used cars? I think there is also an annual fee which is reduced every year, along with the car value, or am i wrong?
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post #11 of 11 Old 04-25-2013, 01:34 AM
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Quote:
Originally Posted by tazandjan View Post
Mike- No, but you can blame them for not paying taxes they legally owe.
True, but they seem to work to a different set of values in Italy. It is, after all, the country that elected Berlusconi not once, but several times. If the President doesn't pay his taxes, why should mere citizens?

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