Vivienne Westwood Is Threatened By Tax Avoidance

British designer Dame Vivienne Westwood recently encountered the biggest image crisis in history. The famous British media Telegraph reported that Vivienne Westwood was suspected of evasion of taxes, which contradicts the policy of Green Party Green Party, which she always supported, opposed Off Shore Company's tax avoidance policy. The report suggested that Vivienne Westwood was the first extremely hypocritical person.

It is reported that Vivienne Westwood's tax avoidance method is an extremely popular tax avoidance method in recent years, that is, the companies registered in low tax countries such as Luxemburg, exporting their interests to Luxemburg company through their own companies, while the actual shareholders of domestic companies and Luxemburg companies are the same shareholders.

Vivienne Westwood's British company Vivienne Westwood Ltd. sold the trademark of Vivienne Westwood at a price of 840 thousand pounds to a Luxemburg company Latimo SA in 2002, while the actual controlling persons of Latimo SA and SA are all. It will pay a lot of royalties to the company every year. In addition, he bought the company as a parent company in 2003.

According to a survey by British accounting firm One City, in the 2013 fiscal year ended December 31, 2013, Vivienne Westwood Ltd. paid Latimo agent 2 million agent fee to Latimo SA and paid the same high agency fee in 2012.

Due to the agency fee paid, it is Vivienne Westwood Ltd. of British company every year.

Naturally, it was reduced by 2 million, which also affected its profits.

In 2013, Vivienne Westwood Ltd. operating profit was 3 million 200 thousand pounds, enterprise income tax paid 780 thousand pounds, if calculate 2 million pounds agency fee paid to Latimo SA, Vivienne Westwood Ltd. paid less about 500 thousand pounds of tax.

Suspected

The Vivienne Westwood, which has always been an advocate of environmental protection, is not allowed to support the British Green Party policy, which is strongly supported by the British green party. Indeed, the British Green Party, a tax evasion campaigner, said in a February 13th campaign campaign that it would introduce the Tax Dodging Bill tax evasion bill 100 days after the election to punish those who had evade taxes through Off Shore Company.

Vivienne Westwood also donated 300 thousand pounds to the green party, the biggest sponsor of the party.

For tax avoidance reports,

Ltd. said in a statement that the company fully complied with the British tax code and that royalties to Latimo SA were also legal.

Before Vivienne Westwood Ltd., another British company, Net-a-porter Group Ltd., was also reported to use the same method of tax avoidance. However, its interest exporting company was its parent company Switzerland luxury group Cie. Financi re Richemont SA (Richemont), and the famous fast fashion brand founder, Mr.