Question

In: Economics

In the market of ferrari automobiles, the tax policy of italian government is:

In the market of ferrari automobiles, the tax policy of italian government is:

Solutions

Expert Solution

ANS : if Sales of luxury Ferrari and Maserati cars have slumped in the land of their birth as Italy's financial and economic woes bite even the richest Italians,because industry figures have revealed.  how ever Last year, Ferrari saw sales in its home market fall by more than 56%, while those at Maserati slumped 72%. Just 248 Italians bought a Ferrari last year.

the make of Italy is in recession, and the government is continuing with austerity measures to trim its deficit.  The head of the Italian motor traders'traders' and federation Federauto, Filippo Pavan Bernacchi, blamed "an overdose of taxes aimed at hitting, if not criminalising, the acquisition, ownership and as well as use of cars". how ever In addition to taxing motoring directly, Italian authorities have also been specifically targeting the owners of Ferraris and other supercars to check that they are paying enough tax.


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