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Italian Financial Police Challenge Sculptor's Tax Residence,
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 14, 2008
The Monaco-based Colombian sculptor and painter Fernando Botero is under investigation
by the Italian authorities for allegedly failing to pay tax on income earned
in the country between 2003 and 2008.
According to Italian tax investigators, Botero, 76, who is famous for paintings
of plump figures, owes EUR7m in tax. The prosecutor’s
office of Lucca has already started an investigation of the case following an
on-going probe by the Italian financial police which began in May 2008. The
police believe that the crime warrants a custodial sentence rather than merely
a fine.
Botero has kept a studio in Pietrasanta, Italy, for the past 30 years, but
he argues that his primary residence is in Monaco and that he spends only two
months per year in his Tuscan-based workshop and therefore is not liable for
Italian taxes. An individual is deemed resident in Italy if they are registered
at a census office and spend more than 183 days in the country in a year.
Botero vehemenantly denies the claims and has warned that the actions of the police
will make Italy unappealing for other artists wishing to work there. Other high-profile
artists using Italy as a place to work are also thought to be under investigation for tax evasion by the Italian
authorities.
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