Bulgari used foreign companies to dodge taxman - prosecutor

Global profit margin sent to Switzerland, Netherlands, Ireland

(see related)(ANSA) - Rome, May 26 - Prosecutors investigating alleged tax evasion by Italian jewelry and luxury goods brand Bulgari say the company used a series of overseas companies to dodge the taxman.
    Bulgari is suspected of having hidden from the authorities some three billion euros of revenue from 2006 to 2013.
    Investigators believe it did this by reallocating its global profit margin to Switzerland, the Netherlands and Ireland through foreign subsidiaries. Ireland was identified as the "final destination" in the group's tax planning, they say. Paolo and Nicola Bulgari were among 13 people sent to trial on Tuesday for the alleged tax evasion.


Change cookie consent