Fisi Pays Tax Bill

[Wizzo]

Giancarlo Fisichella has worked out a deal with Italian tax authorities, agreeing to pay €3.8 million (US$5.2 million), news reports said Saturday.

Fisichella received a notice from the Italian tax agency that his residency in Monaco was in question and that he owed €17.2 million (US$23.4 million). After showing that he had paid dues abroad, Fisichella worked out a deal with the Italian agency and will only have to pay €3.8 million, the ANSA news agency reported.

The tax records for Italian racers have come under the spotlight recently since seven-time motorcycling world champion Valentino Rossi was found to have alleged undeclared earnings of €60 million (US$81.7 million).

Rossi has been a British resident since 2000. He has said he did nothing wrong and that he expects the situation to be resolved soon.

[Dare]

that's a lotta of a lira

[Alianora La Canta]

And I thought the German tax system demanded a lot of money...

[cosworth151]

If Fisi wins a race, will he have them play the Italian national anthem or The Beatles' "Taxman?"