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Founders of Italian Fiat Motor & Majority Investors in Ferrari & Juventus FC Angelli Family to Pay $1.06 Billion to Italian Tax Authorities
26th February 2022 | Hong Kong
The Agnelli family, one of the original founders of Italian Fiat Motor company and major shareholders of Ferrari and Italian football club Juventus, has agreed to pay a total $1.06 billion to Italian tax authorities. The $1.06 billion tax charge is on the Agnelli family’s publicly listed Exor SpA (EUR 746 million) for tax claims on its merger with Dutch subsidiary Exor Holding NV in 2016 and Giovanni Agnelli B.V. holding company (EUR 203 million). The Agnelli family owns 52% of Exor SpA, which is also a major shareholder of Ferrari NV. Giovanni Agnelli B.V.:”The signing of this agreement does not and should not be interpreted as a recognition, or even partial acceptance by GA of the interpretations advanced by the Italian Tax Authorities.”
“ Angelli Family to Pay $1.06 Billion to Italian Tax Authorities “
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The Agnelli family
The Agnelli family are one of the original founders of Italian Fiat Motor company and major shareholders of Ferrari and Italian football club Juventus through Exor SpA. The Agnelli family owns 52% of Exor SpA.
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