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Bernard Arnault faces $25.7M tax penalty
The Paris administrative court has ordered Bernard Arnault, head of the LVMH Group, to pay an additional 22.5 million euros in taxes, including income and wealth taxes from previous years, according to a ruling issued in July 2023. Arnault confirmed his intention to challenge the decision before the Council of State, as his wealth has decreased to around $151.5 billion after reaching $233 billion in 2024. The case raises complexities regarding the legal structure of the Arno family's tax contributions.
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