Discovery of the Mondovì construction company's sham foreign registration
News of
The discovery of the Mondovì construction company's sham foreign registration is an operation carried out by the Guardia di Finanza (financial police) of Cuneo, through its Mondovì company, which uncovered a case of corporate "esterovestizione" (sham foreign registration) in the construction sector. A company formally based in Romania turned out to actually be administered and run from the Monregalese area, where its directors were permanently resident and registered for tax purposes [1][2].
The findings
According to the financial police's reconstruction, the company's so-called "place of effective management" - the place where managerial and administrative decisions were actually taken - was in Mondovì. The company operated almost entirely in Italy, carrying out building renovation work in Emilia-Romagna under subcontracting agreements [1][2].
Classified as a "total evader"
On this basis, the company was classified as a "total evader" (evasore totale), and the worldwide-taxation principle set out in Italian tax law was applied, bringing the company's entire turnover and related profits under Italian tax jurisdiction [1][2].
The results of the checks
The investigation uncovered income of over €1.7 million that had escaped taxation. Besides the income tax, violations were also found relating to IRAP (regional business tax) and IRPEF withholding tax, concerning more than seventeen employees of the company [1][2].
The esterovestizione phenomenon
Esterovestizione consists of formally placing a company's registered office in a foreign country, often one with more favourable taxation, while the actual business activity and management continue to be carried out in Italy. According to the Guardia di Finanza, the phenomenon distorts free competition between businesses, reduces the resources available for public services and damages the relationship of trust between citizens and the state [1][2].
Sources
- Quotidiano Piemontese — 9 November 2026
- IdeaWebTv — 9 November 2026