Friday, October 3, 2014

Miuccia Prada Being Investigated

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.