LVMH CEO Bernard Arnault ordered to pay €22.5 million taxes
The ruling covers €12.96 million in 2010 taxes and €9.5 million in wealth tax, with the case now headed to France's highest administrative court.
4 Articles
4 Articles
Luxury Tycoon Bernard Arnault Hit With €22.5M Tax Bill in French Court Ruling
Bernard Arnault has lost a tax fight he had already won twice. The founder of LVMH (Louis Vuitton Moët Hennessy) and the richest man in Europe has been ordered to pay nearly €22.5M ($25.7M, £19.3M) in back taxes after a Paris appeals court reversed a run of earlier judgments that had gone his way. The decision, dated 2 July, falls on Arnault and his wife, the concert pianist Hélène Mercier-Arnault. It splits into €12.96M ($14.8M, £11.1M) in inco…
Are the envelopes from the French tax authorities also blue? The richest man in Europe, Bernard Arnault, knows the answer for sure: he is receiving a hefty tax assessment from the French tax authorities.
Bernard Arnault, the richest man in France, was forced by French justice to pay outstanding taxes of 22.5 million euros, after a trial that lasted several years, writes Financial Times.The decision to...
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