France’s richest man Arnault hit with €22 million tax assessment

Billionaire Bernard Arnault and his wife have been assessed with nearly €22.5 million ($25.7 million) in additional taxes, according to a recent decision by the Paris administrative court of appeal cited by AFP. 

The chief executive officer of the global luxury goods conglomerate LVMH and his wife must pay French authorities €12.96 million in “additional contributions” — including taxes, social contributions, surcharges and late payment interest — for........

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