Exclusive: Kering in talks with Italy to settle Alexander McQueen tax dispute, sources say

Business and Finance Business and Finance

Mon, December 9, 2024

[ Mon, Dec 09th 2024 ] - MSN

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Exclusive: Kering in talks with Italy to settle Alexander McQueen tax dispute, sources say

^{Published on 2024-12-09 10:01:45 - Reuters}

French luxury goods group Kering is negotiating with the Italian tax authorities to settle a tax probe centred on its Alexander McQueen fashion brand, two sources with direct knowledge of the matter told Reuters on Monday.

Kering, the French luxury group, is in discussions with Italian authorities to resolve a tax dispute involving its Alexander McQueen brand, according to sources cited by Reuters on December 9, 2024. The dispute centers on the tax treatment of royalties and trademarks, with Italian tax officials alleging that Alexander McQueen owes around 1.5 billion euros in back taxes. The talks aim to settle the matter without going to court, potentially involving a significant payment from Kering to avoid further legal complications and penalties. This issue is part of a broader scrutiny by Italian tax authorities on multinational companies' tax practices.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/kering-talks-with-italy-settle-alexander-mcqueen-tax-dispute-sources-say-2024-12-09/ ]

N@N

Exclusive: Kering in talks with Italy to settle Alexander McQueen tax dispute, sources say