MIUCCIA PRADA and her
husband Patrizio Bertelli are being
investigated by the Italian tax
authorities, relating to "the
accuracy of certain past tax filings
the company has revealed.
The brand, however, reiterated that
both Prada and Bertelli made an
agreement with the authorities last
year when they made a voluntary
disclosure on their earnings.
"This agreement completely
satisfied the claims of the Italian
tax authority, as declared and
confirmed by the authority itself,"
the brand said this morning,
confirming that neither the
company, or any of the companies
that it owns, are involved.
Prada and Bertelli reportedly paid
€470 million in January to the tax
authorities, bringing the brand's
legal headquarters back to Italy and
resolving any back-dated tax
payments, according to a source,
reports WWD.
husband Patrizio Bertelli are being
investigated by the Italian tax
authorities, relating to "the
accuracy of certain past tax filings
the company has revealed.
The brand, however, reiterated that
both Prada and Bertelli made an
agreement with the authorities last
year when they made a voluntary
disclosure on their earnings.
"This agreement completely
satisfied the claims of the Italian
tax authority, as declared and
confirmed by the authority itself,"
the brand said this morning,
confirming that neither the
company, or any of the companies
that it owns, are involved.
Prada and Bertelli reportedly paid
€470 million in January to the tax
authorities, bringing the brand's
legal headquarters back to Italy and
resolving any back-dated tax
payments, according to a source,
reports WWD.
