Italian designer Valentino and his long-time biz partner have been hit by a $39 million tax fine in Italy.
That’s a lot of millions!
According to the country’s tax office, the celebrity dress maker avoided declaring income in Italy by moving his residence outside the country, while effectively keeping their business operations there.
Valentino relocated to London about 10 years ago, but is “highly surprised by the position taken by the Italian authority” and “will take the appropriate action accordingly,” said one of his reps.
Reports say that, more seriously, the fine could lead to a criminal investigation and even a prison sentence.
However, because of his age (76-years old!) it’s unlikely he would be sent to prison.
Agreeing to pay the fine would apparently put an end to the matter, if he couldn’t clear himself of the accusations.
Doesn’t matter who you are, or where you’re from, the tax man is always out to nab you, bbs!
Be careful.
[Image via WENN.]
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