Here we go again…. While Dolce & Gabbana await their return to court to face the tax evasion charges they were acquitted of last February, Italian tax authorities have started proceeding against another luxury brand on similar grounds.
Bulgari, the Rome-based jewellery brand controlled by Parisian luxury goods group LVMH, have been accused of evading tax payments in excess of €70 million (£57 million) WWD report.
The charges, brought by Italian police under the authority of the national minister of economy and finance, relate to a £3.7 billion LVMH cash-and-share swap deal in 2011, amid allegations that Bulgari redirected a portion of the funds received to Luxembourg and Ireland through holding companies instead of declaring them for tax in Italy.
Via: Bulgari accused of tax evasion
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