Bvlgari Pays 42 Million Euro Reconciliation Tax Evasion Case

According to Italy media reports, Bulgari Bvlgari paid 42 million euros to settle tax evasion with Italy tax authorities. In early 2013, BulgariSpA was suspected of tax evasion and was investigated by the Italy financial guard. The focus of the survey is on tax revenue in the past few years, especially in 2011 when LVMH bought Bulgari over 6 billion euros in cash plus shares. Police say BulgariSpA, as a Italian company, transfers revenue to Luxemburg and Irish holding company through illegal means. tax evasion Purpose.

According to previous media reports, BulgariSpA suspected of concealing 3 billion euros (at the current exchange rate of $4 billion) earnings tax evasion. According to Bloomberg reports, the 3 billion euro income is the value of the company's executives in the 5 years from 2006 to -2011 in Italy. In an email interview with Bloomberg, the company said it was "shocked" and "will take the necessary measures to clarify its position".

It is reported that an Irish company called BulgariIrelandLtd. reported annual revenue of 693 million 700 thousand euros, which is actually the income of Bulgari Italy and other local stores.

GuardiadiFinanza the Italy financial guard said in a statement that the Bulgari family was descended from Paolo&NicolaBulgari brothers and BulgariSpA parent companies. Luxury goods Group LVMH (MC.PA), FrancescoTrapani, BulgariSpA's former chief executive of watch and jewellery department, is currently under investigation by MaurizioValentini, senior director of financial management in Europe and the Middle East.

In the past two years, along with the rapid decline of Italy's luxury market, the GuardiadiFinanza Italy financial guard also took a big tax investigation on Italy luxury group, including luxury goods giants such as Valention, Prada and Dolce&Gabbana.

Related links:

Bulgari (Bao Jiali) is a famous fashion brand in Italy. Its family originated in Greece, and is very fond of the ancient Greek and ancient Rome Renaissance style. Its design inspired by ancient civilization inspired unprecedented prosperity. In the middle of nineteenth Century, Bao Jiali's founder Sotirio Bogali (Sotirio Bulgari) immigrated to Italy, and began laying a foundation for Bvlgari's brilliant career. In 1905, he officially opened the world's first boutique in Bulgari. Until now, it is still the ultimate representative of all Bao Jiali boutiques.

In 1993, Bvlgari (Bulgari) also developed fragrance products in addition to making silverware, jewellery and watches. Bulgari's product style is bold and unique and distinguished. Its theme products are jewelry, watches, perfume, glasses and handbags. These jewellery, watches and perfume products are suitable for Asian women and men. Bao Jiali opened a special store in Beijing and Shanghai to display the latest products of Bvlgari (Bulgari). Bao Jiali's products are sold in Bvlgari (BVLGARI) retail stores in major cities of China, including Beijing, Shanghai, Shenzhen, Guangzhou and Qingdao.