Karl Lagerfeld, Designer for Chanel and Fendi, Under Tax Probe by French Government
Karl Lagerfeld is said to be under investigation by French authorities for tax evasion. A French report claimed the famous designer for Chanel and Fendi have been avoiding paying millions of euros to the French government.
According to the ABC News, the French magazine L'Express has published a report claiming Lagerfeld has been using offshore tax havens to avoid paying his tax to the French government. Forbes claimed the designer has been setting up several companies as tax funnels in the United States, the British Virgin Islands and Ireland. He reportedly owes more than 20 million euros ($21.7 million US), added the New York Magazine.
According to his representative Caroline Lebar, Lagerfeld said he "had no wish to evade the law." Lebar, however, did not comment on the specific tax allegations published by L'Express, saying only that a tax measure is being discussed with the French authorities.
Lebar also said that Lagerfeld is not allowed to discuss the process while it is still pending. The designer is said to be concentrating on his work with Chanel at the moment for their upcoming Spring-Summer 2016 Haute Couture show in Paris this month.
Lagerfeld's case reportedly doesn't involve Chanel, where he has been chief designer since the 1980s. It also doesn't concern Italian-based Fendi, where he too is head designer and creative director. According to ABC News, Chanel didn't give any comment regarding Lagerfeld's case when asked on Thursday.
The 82-year-old designer has yet to personally comment on these allegations as well. The German-born Lagerfeld, who is based in Paris, has so far remained mum on his alleged tax evasion case on social media or even on his official Karl Lagerfeld website. His recent Instagram posts are all about his fashion work.
This is not the first time though that a famous designer has been charged with tax evasion. Domenico Dolce and Stefano Gabbana, better known as Dolce & Gabbana, were also charged with tax evasion but found not guilty of the crime in 2014. Meanwhile, Valentino Garavani was also fined and had already paid up his French taxes in 2009.
News of Lagerfeld's alleged French tax evasion also came after it was reported this week that art dealer Guy Wildenstein and his relatives had engaged in tax fraud and money laundering. The family reportedly went to trial in Paris this week and ordered by the French court to pay back taxes amounting to more than $600 million.
Subscribe to Latin Post!
Sign up for our free newsletter for the Latest coverage!