Quite some time ago we reported on the raid at the Paris Headquarters of the LVMH group. The details concerning this raid have only recently surfaced. The LVMH group is owner of brands such as Louis Vuitton, Hublot, Zenith, TAG Heuer, Bulgari etc.
This was no ordinary raid.No, this was one led by the tax officials looking to seize a bunch of data to investigate whether, you guessed it, the group was dodging its taxes. Keep in mind that LVMH is one of the biggest taxpayers in France. It seems that it’s Chief Exec, Bernard Arnault, was on top of the ‘must-interogate’ list of the tax authorities. Other topics on the agenda were shell companies, letter boxes, and… Belgian citizenship.
Details concerning the raid only came out in court earlier this month and Bloomberg has opened up the article covering the juicy parts: Must read right here.