LVMH Head Office Raids Quashed on ‘Unfounded’ Suspicions
- Officials suspect LVMH unfairly used Belgian arm to cut taxes
- Paris court says tax officers failed to justify need for raids
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A French court quashed evidence-gathering raids conducted by tax authorities last year at the Paris headquarters of LVMH Moet Hennessy Louis Vuitton SE.
The Paris court of appeals said that tax officials had obtained a warrant to conduct the searches based on an “unfounded” presumption of fraud. French inspectors were investigating suspicions LVMH was pretending it carried out treasury operations in Belgium to lower its tax bill.