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Gucci was accused of evading taxes on more than 1 billion euros in revenues between 2011 and 2017. Its owner Kering, which has denied avoiding tax, agreed to pay $1.4B in 2019 to settle the dispute, which was the highest ever agreed settlement by a company with Italian tax authorities.

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Fun Fact: Gucci was accused of evading taxes on more than 1 billion euros in revenues between 2011 and 2017. Its owner Kering, which has denied avoiding tax, agreed to pay $1.4B in 2019 to settle the dispute, which was the highest ever agreed settlement by a company with Italian tax authorities.

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reuters.com

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