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The Ducati rider has become the second Italian rider to face such a probe in a week after an inquiry was opened into seven-time world champion Valentino Rossi.
Italy’s tax agency said Friday that Capirossi, who lives in Monaco, is being investigated for alleged undeclared earnings of $2.1 million (1.3 million euros) in 2002.
It comes after the agency announced on Wednesday that it had opened an inquiry into Rossi for allegedly not declaring $96.86 million (60 million euros) in revenues from sponsorship or his team between 2000-04. News.com
Aug 11
Italy’s tax agency says former 250cc world champion Loris Capirossi evaded taxes in 2001-02, a source close to the case said on Friday.
Earlier this week, an agency spokesman said former MotoGP world champion Valentino Rossi was being investigated for suspected tax evasion.
The agency has ruled Capirossi under-declared earned income in 2001-02 by 1.3 million euros ($1.78 million), said the source who declined to be identified.
Sport Guardian
Aug 11
Loris Capirossi is under investigation for alleged tax evasion — the second Italian rider to face such a probe in a week after an inquiry was opened into seven-time world champion Valentino Rossi.
Italy’s tax agency said Friday that Capirossi, whose residence is in Monaco, is being investigated for alleged undeclared earnings of €1.3 million (US$1.77 million) in 2002.
On Wednesday the agency announced it had opened an inquiry into Rossi for allegedly not declaring €60 million (US$82.8 million) in revenues from sponsorship or his team between 2000-04. Rossi, who is a British resident, said he has lived in London since 2000. Herald Tribune
Aug 11
Italian motorcycling star Loris Capirossi has become the latest national sporting icon to be targetted for suspected tax evasion, it was reported in Rome on Saturday.
Italy’s tax agency believes that Capirossi, 34, does not reside principally in Monte Carlo as he claims, but in Italy, and that he owes them 12 million (US$16.4 million) in unpaid taxes between 1995-2002.
The Ducati rider was double world champion in the 125cc category in 1990 and 1991, and in the 250cc category in 1998
The probe follows one launched into former world motorcycling champion Valentino Rossi, who is being pursued for possible undeclared revenues of €60 million (US$82.8m ) between 2000-2004. Super Wheels
Aug 11
Loris Capirossi is under investigation for alleged tax evasion - the second Italian rider to face such a probe in a week after an inquiry was opened into seven-time world champion Valentino Rossi.
Italy’s tax agency said yesterday that Capirossi, who now lives in Monaco, is being investigated for alleged undeclared earnings of €1.3 million in 2002.
Rossi is alleged to have kept earnings of up to €60m from tax officials between 2000-04. Independent
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