Bernard Arnault, LVMH Founder, Faces ₹245 Crore Tax Bill Amid Ongoing Wealth Assessment

French Billionaire Bernard Arnault and Wife Ordered to Pay €22.5 Million in Additional Taxes

The Paris Administrative Court of Appeal has ruled that Bernard Arnault, chairman and chief executive of luxury conglomerate LVMH, and his wife owe French tax authorities €12.96 million in additional liabilities for the 2010 tax year. The amount includes unpaid taxes, social contributions, penalties, and interest on late payments.

In addition to the €12.96 million, the couple has been directed to pay €9.5 million related to France's wealth solidarity tax for the period between 2012 and 2015. The tax dispute centers on LVMH Moët Hennessy Louis Vuitton SE's complex shareholding structure, which was assessed by tax authorities.

Arnault's legal team has indicated that the decision will not be the final word on the matter. A spokesperson for the billionaire informed AFP that the ruling will be challenged before France's highest administrative court, the Council of State.