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
Smuggled liquor worth Rs 6 lakh seized at Assam-Arunachal border
In a significant crackdown on illegal smuggling, the Assam Excise Department...
I Spent A Day With A Guy Selling Illegal Cigarettes On The Streets Of New York
It’s a cloudy and cool September morning on Staten Island when I make my way to...
The Reality of a Fake
A new exhibition explores the various levels of authenticity in fashion Unless...
Huge Haul Of Non-Duty Paid Liquor Worth Over Rs 20 Lakh Seized In Rourkela
The Rourkela Excise Department busted a racket involved in the illegal storage...