
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
Village distillery churns out fake premium liquor, busted
A gang that produced spurious liquor and distributed it as premium liquor brands...
Foreign currency worth $400,000 hidden in students’ notebooks seized at Pune airport
Three students travelling to Dubai were caught at Pune airport with over...
Fake Currency Alert: 4 Lakh in Counterfeit Notes Seized in Banswara, 11 Arrested
Banswara Crime: Beware! Check your banknotes carefully. Fake currency has been...
Air Intelligence Unit (AIU) seizes 3.8kg gold worth Rs 2.71 crore at Mumbai Airport
MUMBAI: The Air Intelligence Unit (AIU) officers at Chhatrapati Shivaji Maharaj...