But the 7,000 Italians trying to make the wall – The Republic

But the 7,000 Italians trying to make the wall – The Republic

HOW MANY evaders have hidden their money in the coffers of Swiss HSBC? Since the French magistrates sent the list Falciani authorities in other European countries has unleashed the hunt. But the findings on more than seven Italian citizens, on which the Express will publish a full investigation, faced numerous legal opposition on the origin of the documents. The consortium ICIJ has reconstructed the position of three illustrious depositors: the fashion designer Valentino, the financier Flavio Briatore and the ace of the bike Valentino Rossi. That does not appear to have outstanding accounts with the tax authorities.

The deposit is more consistent than the signature fashion: in 2006/7 possessed well 108.3 million dollars, hidden in the numbered account “CR 3326″. Officially Valentino would result only prosecutor, along with Geneva Marc Bonnant, famous lawyer, among many, of Licio Gelli. Instead, as is appare nt from another document, it is the fashion designer the “beneficial owner” of that numbered account. The deposit is connected to the “Piles Finance Ltd”, based in Tortola in the British Virgin Islands. In the same period, the tax position of the designer has been at the center of a dispute with the Inland Revenue. Object of contention residence and then the tax regime. Valentino said he was living in London since 1998, the year in which the company sells its Hdp Maurizio Romiti. Tax inspectors instead on the basis of the investigation have argued that he was in Rome. The result was a deal, then resolved by an act of appeasement: Valentino has paid a sum in the order of a few million euro, for the period 2000-2004. And so ended all disputes with our tax authorities.

Even Valentino Rossi has had his troubles with the tax authorities. Suspicions about his London residence have caused proceedings to escape, opened in 2008 and closed by an agreement. HSBC in 2003 to the “Doctor” has set aside 23.9 million dollars in the numbered account “kikiki 62″. But the lawyer Claudio Sanchioni stated that paying out 30 million euro, his client has defined any dispute on foreign accounts. A curiosity: in the notes of the deposit is explained that the sample has a “preference for conservative investments.” Reckless on track but prudent in the management of money.

For the HSBC Flavio Briatore, from years living abroad, is dominated by a large customer activism. To him are part of nine accounts and is “beneficial owner” of six of those with $ 73 million: Benton Investments Inc., Pinehurst Properties, “27361″ (liquidated in 2005), Adderley Trading Ltd (closed in 2004), Formula FB Business Ltd and GP2 Ltd. His lawyer Pilippe Ouakra explains that: “Mr Briatore is able to confirm that he and some of his group companies – some of these were operational from Switzerland – have had bank accounts in Switzerland, in a way perfectly legal, in accordance with any applicable tax law. ” (l.si)

Arguments:

tax

HSBC

List Falciani

falciani

Stakeholders :

Valentine

Valentino Rossi

Flavio Briatore