Campari Chairman Faces Tax Trial
Italian prosecutors have requested a trial for Campari chairman Luca Garavoglia over alleged tax evasion of 1.29 billion euros. The case stems from a 2018 corporate merger that moved fiscal residence to Luxembourg.
Xurve View
Insights:
Xurve View
Italian prosecutors requested a trial for Luca Garavoglia, chairman of DAVIDE CAMPARI-MILANO NV, over alleged evasion of €1.29 billion ($1.45 billion) in taxes, two people with direct knowledge of the matter said during late afternoon. The case follows a dispute between the company's holding structure and tax authorities in Italy. The proceedings test corporate tax residency rules established during a cross-border merger.
