The "Italian government is poised to pass an amnesty for tax dodgers who repatriate savings stashed abroad to boost growth and revenue, a move the opposition says will encourage tax evasion and mafia money laundering" as reported by Steve Scherer for Bloomberg:
An amendment removing the obligation to report bank clients suspected of money laundering, extinguishing possible charges of false bookkeeping, and extending the amnesty to shareholders in foreign companies was approved in a confidence vote yesterday. The so-called tax shield faces its final vote today. "We must be realistic," Prime Minister Silvio Berlusconi said yesterday. "This money will help sustain economic growth."
UPDATE: Antonio Di Pietro, the former anti-Mafia judge turned politician who has criticized the tax amnesty, has received a death threat as reported by Lucy Bannerman for The Times