Business and Economics

Prada executives suspected of tax evasion

Fashion designer and head of one of the most famous fashion houses not only in Italy, but around the world, Miuccia Prada is accused by tax authorities of tax evasion, the American tabloid The Daily Mail claims.

However, official comments and statements from the granddaughter of the founder of the fashionable empire and the tax inspectorate of Italy have not yet been received, and the spokeswoman for Prada even claims that he did not hear anything about such problems of the company.

  • Read also: Prada brand story

The media, referring to reliable sources, claim that Miuccia Prada withdrew about $ 400 million by transferring a certain amount of assets abroad, namely to Amsterdam and Luxembourg. Accusations of tax evasion will be brought not only to the head of the legendary company, but also to her husband Patrizio Bertelli, who is also the executive director of Prada, as well as the chief accountant of the fashion empire, Marco Solomoni.

Earlier, the world-famous manufacturer of fashionable clothes and accessories completed a profit statement, disclosing all tax data, after which Miuccia promised that all the company's assets would be transferred to Italy. The fashion house paid more than 400 million euros to the tax inspectorate of the country to settle all matters and nuances.

However, this did not save the leaders of Prada: they nevertheless fell under investigation. The investigation against the head of the famous brand and her husband began only a few days ago, when an anonymous source contacted the tax service of Italy in order to reveal the whole truth.

Prada Fashion House is far from the first Italian company in this industry to face similar problems.

So, last year, the Italian tax service brought charges against the heads of another fashion giant - Dolce & Gabbana - Stefano Gabbana (Stefano Gabbana) and Domenico Dolce (Domenico Dolce).

Soon, the court ruled that the owners of one of the most influential brands of fashionable clothes evaded taxes and hid about one billion euros from the state treasury. Both designers were sentenced to almost two years in prison, and also to pay a fabulously huge fine.

The case of Dolce and Gabbana began about ten years ago, and since then it has been repeatedly suspended and closed. And only last year, the tax authorities once again carefully checked the documentation of the fashion empire and found that enterprising designers sold their two brands that are part of the company’s concern to some dummy company that was registered in taxpayer paradise - in Luxembourg. Moreover, the transaction amount seemed incredibly small to the tax service, which aroused suspicion.

Nevertheless, experts say that lovers of the fashion house did not react in any way to the litigation, in which well-known designers were involved.

The company did not suffer significant losses, which suggests that problems with the tax service will not affect the well-being of Prada.

Many buyers are well aware that large companies often evade taxes, so they do not attach much attention to such scandals.

Watch the video: 2018 Primary Elections Coverage. Arizona and Florida (April 2024).

Popular Posts

Category Business and Economics, Next Article

St. Peter's Basilica: history and how to visit
Cities of Italy

St. Peter's Basilica: history and how to visit

Until 1990, St. Peter's Basilica in Rome was the most grandiose building among Christian churches. However, its religious and cultural significance remains unchanged: there is no one in the world, and it is unlikely that there will ever be another cathedral that would symbolize the triumph of Christianity for nearly two millennia, without suppressing with its greatness.
Read More
Ponte Vecchio bridge in Florence: history and features
Cities of Italy

Ponte Vecchio bridge in Florence: history and features

The Ponte Vecchio bridge in Florence can be safely called one of the main attractions of the Tuscan capital. Its peculiarity lies in the fact that since the time of its construction, namely since 1345, the bridge has not changed its appearance. Just imagine that Michelangelo once walked along his pavement, looking for characters for his famous frescoes.
Read More
How to get from Rome Fiumicino Airport to the Vatican
Cities of Italy

How to get from Rome Fiumicino Airport to the Vatican

BlogoItaliano already wrote earlier about how to get from Rome's airports to the city center, but many travelers settle near the Vatican, and the methods described earlier are less convenient for them. Therefore, we decided to devote separate material to the topic of how to get from the Fiumicino Airport to the Vatican most easily and without transfers.
Read More
The largest shops in Rome
Cities of Italy

The largest shops in Rome

Rome’s shops are of great interest even to those tourists whose main goal is not shopping, but sightseeing. We have already talked about Roman outlets with their huge assortment and affordable prices, today we will talk about large shopping centers in Rome, where under one roof there are goods of a wide variety of categories - from souvenirs to furniture.
Read More