Giorgio Armani Pays 270 Million Euro Settlement Tax Investigation To Italy Inland Revenue Department

Italy luxury group Giorgio Armani SpA Giorgio Armani The Group paid 270 million euros to Italy tax bureau last week to settle tax investigation, which has been confirmed by the spokesman of Giorgio Armani SpA.

The investigation of Italy's Inland Revenue Department is related to three wholly owned subsidiaries of Giorgio Armani SpA, Giorgio Armani group. Although the three companies have moved the tax registration place back to Italy in 2009, Italy's Inland Revenue Department believes that the income of the companies from 2002 to 2009 must also be taxed in Italy.

Italy in the past two years Tax Bureau The crackdown on tax evasion by domestic enterprises is unprecedented. It is precisely the way of Giorgio Armani SpA and other luxury goods groups to avoid tax through Off Shore Company. Most of them have been identified as tax evasion by the Italy authorities and are subject to sanctions and penalties.

According to Bank of Italy Italy bank, Italy enterprises have not declared tax revenue The amount is as high as 200 billion euros, although it can not completely solve the debt problem of 20000 billion euros after Italy's recession, but 10% has helped very well.

Luigi Macioce, partner of Studio Legale Associato con Withers LLP in charge of business and taxation in Milan law firm, said in an interview with reporters that the reason why Italy tax bureau first started with the fashion group is that luxury group is easy to be identified as an international company.

In addition to Giorgio Armani SpA, tax evasion in the past two years has also included two major domestic glasses manufacturing giants: Luxottica Group SpA (LUX.MI) Lu Xun ladder card and Safilo Group SpA (SFL.MI) xphono, Group & Dudu jiabna group, Bvlgari, Prada, and the former owner of the company.

In addition to Dolce & Gabbana, Du Gabbana expressed his willingness to spend a lot of resources on the government's courts, the other groups and people involved expressed reconciliation and paid tens of millions of euros to hundreds of millions of euros in settlement funds.