Wednesday, January 2, 2013

Bulgari accused of tax evasion

Right here we go again…. Although Dolce & Gabbana await their return to court docket to encounter the tax evasion prices they had been acquitted of previous February, Italian tax authorities have started out continuing towards an additional luxurious brand on similar grounds.

Bulgari, the Rome- primarily based jewelry brand name controlled by Parisian luxurious products group LVMH, have been accused of evading tax payments in surplus of €70 million (£57 million) WWD report.

The expenses, brought by Italian police below the authority of the national minister of economy and finance, relate to a £3. seven billion LVMH funds -and- talk about swap deal in 2011, amid allegations that Bulgari redirected a portion of the resources been given to Luxembourg and Eire by means of retaining businesses as a substitute of declaring them for tax in Italy.


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