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Ferrari ‘without a leader' as Elkann faces tax bill
Sep.12 Ferrari chairman John Elkann is in the headlines this week for more than Formula 1, as former president Luca di Montezemolo launched a stinging critique of the Maranello marque's current state. Italian media report that Elkann, 49, and his siblings Lapo and Ginevra have agreed to a 183 million euro settlement with the Italian Treasury, along with one year of community service each, to resolve a long-running tax dispute connected to their grandmother's estate. Prosecutors alleged the family had falsified Marella Caracciolo's tax residency in Switzerland to avoid Italian taxes after her death in 2019. Elkann, who also chairs Stellantis, did not admit guilt but reached a plea deal...
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1d ago from OneStopStrategy.com
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