Tax

News & Analysis

Nike and Under Armour Urge Trump to Remove Footwear From Tariff List

20 May 2019 • By Reuters

20 May 2019 • By Reuters

The additional tariff of 25 percent on Chinese goods may add $7 billion in additional costs for US customers every year, the The Footwear Distributors & Retailers of America says.

News & Analysis

Nike and Under Armour Urge Trump to Remove Footwear From Tariff List

The additional tariff of 25 percent on Chinese goods may add $7 billion in additional costs for US customers every year, the The Footwear Distributors & Retailers of America says.

Kering to Pay €1.25 Billion Tax Settlement

9 May 2019 • By Sarah Kent

9 May 2019 • By Sarah Kent

The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.

Kering to Pay €1.25 Billion Tax Settlement

The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.

News & Analysis

Report: Kering Close to Settling Italian Tax Case for €1.3-1.4 Billion

25 April 2019 • By Reuters

25 April 2019 • By Reuters

This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.

News & Analysis

Report: Kering Close to Settling Italian Tax Case for €1.3-1.4 Billion

This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.

BoF Professional Exclusive

Why Fashion’s Giant Notre-Dame Pledges Are Good for Business

19 April 2019 • By BoF Team

BoF Professional Exclusive

Why Fashion’s Giant Notre-Dame Pledges Are Good for Business

Both LVMH and Kering stand to benefit from their donations to save Notre-Dame, though a political backdrop of populism has raised the risk of a backlash.

News & Analysis

LVMH and Arnault Will Not Get Tax Breaks From Notre-Dame Donations

18 April 2019 • By Reuters

18 April 2019 • By Reuters

The outpouring of donations following the fire on Monday has prompted questions from charities, politicians and commentators about benefits from tax deductions.

News & Analysis

LVMH and Arnault Will Not Get Tax Breaks From Notre-Dame Donations

The outpouring of donations following the fire on Monday has prompted questions from charities, politicians and commentators about benefits from tax deductions.

News & Analysis

Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts

2 April 2019 • By Reuters

2 April 2019 • By Reuters

Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.

News & Analysis

Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts

Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.

BoF Professional Exclusive

Kering’s €1.4 Billion Tax Bill, Explained

12 February 2019 • By Sarah Kent

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BoF Professional Exclusive

Kering’s €1.4 Billion Tax Bill, Explained

The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.

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News & Analysis

Kering Faces €1.4 Billion Italian Tax Claim

25 January 2019 • By Reuters

25 January 2019 • By Reuters

Some business carried out by Kering employees in locations including Milan and Paris was billed through a Swiss unit, incurring lower tax rates, according to reports.

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Kering Faces €1.4 Billion Italian Tax Claim

Some business carried out by Kering employees in locations including Milan and Paris was billed through a Swiss unit, incurring lower tax rates, according to reports.

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News & Analysis

Nike's Dutch Tax Deals Probed by EU in Latest Fiscal Crackdown

10 January 2019 • By Bloomberg

10 January 2019 • By Bloomberg

The probe will weigh tax rulings that calculated Nike's royalty payments for intellectual property use in the EMEA region.

News & Analysis

Nike's Dutch Tax Deals Probed by EU in Latest Fiscal Crackdown

The probe will weigh tax rulings that calculated Nike's royalty payments for intellectual property use in the EMEA region.

News & Analysis

N Brown Sees Higher Tax on Marketing Costs

13 November 2018 • By Reuters

13 November 2018 • By Reuters

The plus sized fashion retailer said tax on marketing costs would rise between £6 million and £9 million annually as a result of a long-running dispute with the British government over tax recovery.

News & Analysis

N Brown Sees Higher Tax on Marketing Costs

The plus sized fashion retailer said tax on marketing costs would rise between £6 million and £9 million annually as a result of a long-running dispute with the British government over tax recovery.