By  on September 25, 2019

MILAN — Italy’s Internal Revenue Agency is allegedly targeting a number of current and former Gucci employees although the brand’s parent company, Kering, has settled its tax dispute with the country.

As reported, the investigations of the Italian tax authorities, which focused on Kering’s tax payments related to the sales in Italy of Gucci products between 2011 and 2017, identified a tax evasion of 1.4 billion euros. According to the accusations, in distributing Gucci products in Italy through a directly operated Switzerland-based company named Luxury Goods International, Kering had intentionally avoided the payment of taxes in Italy. As reported, in May Kering said it was settling and signing an agreement with the Italian Revenue Agency to regularize its fiscal position in the country.

To continue reading this article...

load comments
blog comments powered by Disqus