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

Monster Villa in Bagheria
Palermo

Monster Villa in Bagheria

The Italian town of Bagheria (Bagheria), where representatives of the nobility from Palermo often used to gather, keeps an amazing secret. In the center of Bagheria, surrounded by a stream of cars and facades of modern buildings, lies the villa Palagonia, which Goethe once called the "madhouse".
Read More
Attractions Palermo
Palermo

Attractions Palermo

The map of architectural and historical monuments of Palermo is rich; we can say that this city itself is one big attraction. Large squares, ancient palaces, famous theaters, interesting museums adorn the capital of the island of Sicily. Even a modest walk through the city center or the seafront promises city guests a meeting with a wide variety of attractions.
Read More
Palermo Cathedral
Palermo

Palermo Cathedral

The cathedral, called the Cathedral of the Assumption of the Blessed Virgin Mary (Cattedrale di Palermo or Cattedrale Metropolitana della Santa Vergine Maria Assunta) is a unique building of the Middle Ages. It stands out among other complexes with beauty, a mixture of styles of different times and religions. Outside and inside, the cathedral is a real work of art, which was worked by Arab, Spanish, German architects, sculptors and artists.
Read More
Palatine Chapel in Palermo
Palermo

Palatine Chapel in Palermo

The Palatine Chapel (Capella Palatina) is one of the oldest chapels of Palermo, a landmark monument of the Arab-Norman style in architecture. It was built as the house church of the Norman Palace (Palazzo dei Normanni) in Palermo and served as a place of prayer for the Sicilian kings, and later the vice-kings.
Read More