CIGARETTE MAKER ACCUSED OF EVADING TAXES Italy probing Philip Morris in fraud case

From: The Milwaukee Journal Sentinel | Date: July 6, 1996 | Copyright information

Italian tax fraud experts were investigating claims Friday that U.S. tobacco giant Philip Morris Co. Inc. took part in a $6.4 billion tax evasion scheme.

The case is being led by investigators in Naples but it could spread to other cities in Italy as officials investigate the company's business arrangements with distributors.

Naples prosecutors say Philip Morris unfairly took advantage of lower tax rates reserved for companies without a direct Italian subsidiary. They alleged...

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