Prada owners under investigation for tax avoidance: Reuters

Prada owners under investigation for tax avoidance: Reuters

YEREVAN, January 13. /ARKA/. Italian fashion designer Miuccia Prada and her husband, Prada chief executive and fellow shareholder Patrizio Bertelli, are under investigation as part of a tax avoidance probe by Milan prosecutors, three investigative sources told Reuters on Friday.

A spokesman for lawyers representing Prada Holding, through which Miuccia, her siblings and husband control the luxury group centred on a brand founded by her family in 1913, said he was not aware of the investigation.

Milan's public prosecutor's office declined to comment.

Prada Holding said in December it had completed a process of voluntary tax disclosure and planned to bring back to Italy assets held abroad, primarily in low-tax Netherlands - where the holding company was previously based - and Luxembourg.

Prada Holding is the latest in a series of high-profile firms to land in the crosshairs of Italy's tax authorities, which have become more interventionist as economic crisis erodes their revenues.

U.S. tech giant Apple came under investigation in Italy in November, and fashion designers Domenico Dolce and Stefano Gabbana were given 20-month suspended prison sentences and a heavy fine in June. All denied any wrongdoing. –0--

12:17 13.01.2014

Comments (0)




 

« September 2014

Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
 
 
 
 
 
Username:
Password:

Registration
If you are new on the site, please fill out the registration form.

Enter the website you can use your account on any of the following services.

×