The accusation is very serious: having hidden from the tax authorities, starting from 2006 and up to 2011, about 3 billion euros in revenues and 293 million in dividends, through the creation of pure facade subsidiaries based in Holland and Ireland, built with the sole purpose of escaping Italian taxes, according to the most classic of "escape strategies", as defined in an internal document of nine sheets found by the investigators of the Tax Police Unit of Rome.
For this reason, an action was taken today against the top management of the luxury giant Bulgari maxi preventive seizure of over 46 million euros between financial resources and real estate, including the prestigious building at number 11 in via Condotti in the heart of the Capitoline shopping. The provisions of the Guardia di Finanza affected Paolo and Nicola Bulgari, historical partners of the group, the current legal representative of the Italian parent company Maurizio Valentini and his predecessor Francesco Trapani. The charge against them is of fraudulent declaration.
However, Bulgari did not miss the reply, which issued a press release: “Bulgari points out that the foreign branches that the investigation classified as fictitious have always been real and which play an important strategic role within the Group. In fact, around 300 people work regularly at these branches, who cover the functions assigned to them".
