Arab Today, arab today armani settles italy tax row with €270m
Last Updated : GMT 15:59:09
Arab Today, arab today
Arab Today, arab today

Armani settles Italy tax row with €270m

Arab Today, arab today

Arab Today, arab today Armani settles Italy tax row with €270m

Rome - AFP

Giorgio Armani settled a tax dispute in Italy by paying 270 million euros ($373 million) this week, Italian business daily Il Sole 24 Ore reported on Friday. The payment is linked to taxes owed by three foreign subsidiaries of the luxury company, which is 100-percent owned by fashion king Armani, it said. The period covered is between 2002 and 2009, when the company changed strategy and decided to bring back to Italy subsidiaries that have previously been abroad. The report said there were no more tax claims against the company, whose overall tax burden it said went up from 28.5 percent in 2010 to 44.8 percent in 2012. Giorgio Armani, now 79, founded the company in 1974. Forbes magazine said it had an annual turnover of $1.6 billion (1.2 billion euros) in 2013 and estimated the fashion designer's personal fortune at $8.5 billion (6.1 billion euros).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today armani settles italy tax row with €270m Arab Today, arab today armani settles italy tax row with €270m

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today armani settles italy tax row with €270m Arab Today, arab today armani settles italy tax row with €270m

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday