Taxing Botero

"Colombian painter and sculptor Fernando Botero is being investigated on suspicion of tax evasion, Italian authorities said Tuesday.

Tax police in the northern town of Viareggio said they are investigating whether Botero, famous for works of plump figures, should have declared 7 million euros ($8.92 million) in earnings from 2003-2008.

They allege that Botero must pay taxes in Italy because his artworks are produced entirely by companies and foundries in the country that distribute them to galleries worldwide."

Read the AP story here.