By  on January 25, 2019

MILAN — The Italian tax authorities are claiming Kering owes them an estimated 1.4 billion euros in unpaid back taxes.

The figure covers the 2011-2017 period, which the authorities have been investigating since 2017. The allegation is that Luxury Goods International, a Kering subsidiary, was based in Switzerland, but conducted business activities in Italy, which should have resulted in the payment of Italian corporate taxes. It is alleged that, in Switzerland, LGI would benefit from a lower tax rate. The French luxury group contests this assertion.

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