Prada Said to Be Under Investigation for Tax Evasion
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Prada is being investigated by Italian prosecutors for possible tax evasion after the luxury-goods company disclosed undeclared taxable income, a person with knowledge of the probe said.
The investigation by Milan prosecutors started a few days ago after they were notified by the country’s tax agency about a settlement it reached with the company, said the person, asking not to be identified because the probe isn’t public.