
Italians spent 6.9 bn on counterfeits
Italians spent 6.9 billion euros on counterfeit products in 2015, up 4.4% on 2012, according to a study conducted by research institute Censis for the industry ministry and published Tuesday. Producing and selling the same products legally would create an additional 100,515 jobs and increase domestic production by 18.6 billion euros, with an added value of 6.7 billion euros. It would also increase tax revenue by 5.7 billion euros, the study found. Fake products are sold at street stands, in warehouses and private homes, on websites and by mail delivery and are becoming increasingly diversified in terms of the quality, price and type of product.
Related Posts
US govt seizes over 10M phony N95 masks in COVID-19 probe.
Federal agents have seized more than 10 million fake 3M brand N95 masks in recent...
Chinese apples worth ₹16L seized in Vaishali
Patna: The Customs officials on Monday seized around 9,000 kilograms of Chinese...
Legislature could ignite rush to smuggle cigarettes
“Tax ’em if you got ’em.” That could be the motto of the California Legislature –...
Here’s where your counterfeit goods come from
House Speaker Feliciano “Sonny” R. Belmonte Jr. yesterday rejected calls to...