San Marino. According to COUNTRYAAH, San Marino is the capital of San Marino which is located in Southern Europe. Nearly 59,000 people, both San Marines and others, were investigated by Italian police for possible tax evasion, involving a total of € 33 billion that was moved between Italy and San Marino. The investigation concerned five years until 2014, when San Marino agreed to an agreement on automatic exchange of financial information.
According to preliminary results, slightly more than EUR 850 million was hidden from tax authorities during the period, while VAT cheats totaled more than EUR 153 million.