A alleged evasion of one billion committed between 2018 and 2022 by the Italian division of Lagfin Sca, the Luxembourg holding company that controls the majority of the Campari group. It is the protest of the economic-financial police unit of the Financial Police of Milan which led the Milan prosecutor’s office to open an investigation into the hypotheses of omitted declaration and unfaithful declaration. The two legal representatives of Lagfin were registered in the register of suspects by prosecutors Enrico Pavone and Bianca Maria Eugenia Baj Macario, coordinated by the deputy prosecutor Eugenio Fusco.
The tax base for which taxes would not be paid would amount to 5 billion euros. Income – according to the investigators – produced in Italy by the Luxembourg branch of the company and which would be were transferred to the Grand Duchy to evade our taxes. Over the last few years, the Milan prosecutor’s office, both under the leadership of prosecutor Marcello Viola and his predecessor Francesco Greco, has carried out numerous investigations in the sector targeting multinationals with billions in turnover. The latest one on Airbnb.
Campari Group specifies that neither Davide Campari-Milano NV nor any of its subsidiaries are being investigated by the authorities. Consequently, no impact is expected for Davide Campari-Milano NV nor for any of its companies
