Following Mediapart’s revelations about a vast tax-dodging scheme mounted by French luxury goods group Kering, whose brands include Gucci, Yves Saint Laurent, Bottega Veneta, Stella McCartney and Balenciaga, a Swiss parliamentarian has lodged a formal complaint with the public prosecution services in Lugano to demand they investigate the suspected fictitious tax domiciliation of Gucci executives in the canton of Ticino, which is estimated to have saved the group tens of millions of euros in taxes and social charges. Already in January, Kering, owned by French billionaire François-Henri Pinault, confirmed that an offical investigation in Italy has concluded the group evaded 1.4 billion euros in taxes that should have been paid in in the country. Yann Philippin reports.
In January, French luxury goods group Kering, whose brands include Gucci, Yves Saint Laurent, Bottega Veneta, Stella McCartney and Balenciaga, confirmed that, following a year-long investigation by Milan prosecutors, an Italian audit office report estimates it had evaded 1.4 billion euros in tax payments due between 2010 and 2016.
