Gucci Brand CEO Gets Caught Up In Tax Evasion

According to the world clothing shoes and hats net, Gucci Gucci's tax evasion storm has never been on the rise again in Italy.

On Friday, the chief executive of the brand, Marco Bizzarri, was also accused of tax avoidance through Luxemburg and Switzerland.

French online media Mediapart quoted confidential documents on Friday as saying that the French luxury group Kering SA (KER.PA) opened the cloud group to evade taxes through Off Shore Company, and alleged that it was very rare to participate in tax evasion as a CAC 40 constituent company and the seventh richest family in France.

Mediapart said that French companies were paying $15 million for Marco Bizzarri, while Kai Yun group benefited more than $45 million.

However, Kai Yun group responded by Reuters that the group has implemented a policy with a view to ensuring that all levels including employees can comply with the tax regulations, while Marco Bizzarri, which has a tax liability in Italy, is fully in line with the Italy taxpayers' obligations.

Mediapart, who did not advertise any advertisement, has repeatedly exposed celebrities to evade taxes, including the famous stars Messi and Beckham.

It is reported that European Bizzarri Collaborations (referred to as EIC) has been received from Marco Bizzarri, and EIC is the European Union of investigative journalists.

Marco Bizzarri is currently

The industry's hottest CEO, he and the creative director of Gucci Gucci, Alessandro Michele Michele, are in the top of the industry in the short span of two years. The incredible high growth has lasted for five quarters. Since the three quarter of 2016 to the three quarter of 2017, the comparable growth rates of 17%, 21.4%, 48.3%, 39.3% and 49.4% have been recorded, not only in the luxury industry, but also in the overall retail industry.

However, the fourth quarter results will be released next month, and the market is expected.

The high growth rate will slow down as the recovery of the luxury goods market has been fully started since the end of 2016.

(from left to right) Gucci CEO Marco Bizzarri, Salma Hayek and Fran? Ois-Henri Pinault couple

Before Marco Bizzarri was accused of tax evasion, Gucci, Gucci, who had been helm for 3 years, was also alleged to have been investigated by the Italy authorities for tax evasion. The brand side also admitted that its office had been investigated by the Italy tax police.

In early December 2017, sources said, as part of the Milan prosecution's investigation into Italy's brand evasion, Italy's tax authorities have inspected the offices of Milan and Florence of Gucci Gucci.

Gucci Gucci also confirmed the fact that the company could be suspected of evading taxes for up to 1 billion 300 million euros, which is the largest in Italy's fashion industry. If verified, it may also be the country's largest tax evasion case.

Italy media La Stampa quoted sources as saying that the case was widely investigated, including Marco Bizzarri and Gucci CEO Gucci Patrizio Di Marco, which was fired because of the poor performance of Gucci Gucci.

In addition, Carmine Rotondaro, a manager of financial consultancy at Gucci Gucci company, is also working with the Italy authorities to accuse Gucci Gucci of evading taxes.

Gucci Gucci's tax evasion is similar to the previous tax evasion behavior of the luxury industry in Italy, that is, the pfer of real profits and income to low tax Switzerland and Luxemburg. The main way is to set up companies that collect rent and royalty on the filing companies, and the entities operating in big interest countries will export the profits to the above companies.

Most of the luxury goods giants such as Bulgari SpA, Valentino, Prada SpA (1913.HK), Prada, Dolce & Gabbana dugarbana, Luxottica Group SpA (Luxottica), Luxottica, Group, SpA, Lu xuntai card group and so on had been accused of using these means to evade taxes. However, most of the companies did not experience criminal penalties. Eventually, they were fined and finalized by the Italy authorities. At the same time, the role of the company or the main body of the company was revoked and incorporated into Italy's mainland. The Italy's luxury goods companies, including Italy, Valentino, Prada, SpA, etc.

Lessons learned show that Gucci Gucci is not optimistic about the result of Italy tax police investigation, and may eventually move towards the same solution.

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