By  on December 31, 2012

MILAN — The Italian tax authorities are said to be targeting another luxury company: Bulgari SpA.

According to Italy’s newspaper Il Corriere della Sera, the Guardia di Finanza, an Italian police force under the authority of the national minister of economy and finance, is accusing the Rome-based jewelry firm of evading tax payments of more than 70 millions euros, or $92 million at current exchange rates.

The inquiry is focusing on the last few years and in particular on 2011, when LVMH Moët Hennessy Louis Vuitton took control of Bulgari in a cash-and-share swap valued at more than $6 billion.

 

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