Thu 7 Jan 2016
There’s some stories coming in from overseas about Karl Lagerfeld being under investigation for tax evasion. Though, the fashion guru’s legal team insists he has nothing to hide whatsoever.
French authorities are reportedly investigating Karl Lagerfeld’s taxes for hiding 20 million euros (approximately $22 million) using complex transactions between various companies and overseas accounts. Apparently, the French Finance Ministry has cracked down on tax fraud in recent times.
Lagerfeld “had no wish to evade the law,” and trusts his financial advisers to work out the situation with the tax authorities, Caroline Lebar, a spokeswoman for the designer, said Thursday. She would not comment on the specific allegations in L’Express magazine, saying only that a tax procedure is under way.
The national tax service would not comment on an ongoing case.
The case does not concern Chanel, where Lagerfeld has been chief designer since the 1980s, and Chanel would not comment Thursday.
Lagerfeld himself is not allowed to discuss the procedure while it’s pending, Lebar said. He and Chanel are preparing for upcoming Spring-Summer 2016 haute couture shows in Paris later this month.