Milan Prosecutors Wrap Up Gucci Tax Probe, Trial Likely: Source

www.oann.com | 11/27/2018 | Staff
MILAN (Reuters) – Milan prosecutors have wrapped up their probe into alleged tax evasion of around 1 billion euros ($1.13 billion) by fashion group Gucci, paving the way for a formal request for a trial, a judicial source said on Tuesday.

The case will be sent to court unless in the next 20 days the parties agree on a settlement, or new evidence emerges.

Prosecutors - Gucci - Part - Luxury - Group

The prosecutors suspect Gucci, which is part of French luxury group Kering , may have paid taxes on profits generated by sales in Italy in another country with a more favorable tax regime.

They allege that Gucci owes the Italian tax authorities...
(Excerpt) Read more at: www.oann.com
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