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Jeweler Bulgari investigated for tax evasion by Italian authorities: reports

AFP
January 2, 2013, 12:24 am TWN

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ROME -- Italian jeweler Bulgari, which was bought last year by French luxury giant LVMH, is being investigated for alleged tax evasion via Ireland and Luxembourg, Italian media reported Monday.

The company is accused of routing its revenues through countries with lower taxes to avoid paying higher taxes in Italy and thereby dodging some 70 million euros (US$93 million) in taxes, the Corriere della Sera and Messaggero dailies reported.

Contacted by AFP, representatives of LVMH and Italian tax police could not be reached.

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