Art dealer gets into conflict with Russian billionaire: relatives of art dealer Yves Bouvier must pay back taxes

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The Federal Court has rejected a complaint by a former employee of Swiss art dealer Yves Bouvier against an additional tax assessment demanded by the Geneva tax authorities. Tania Rappo and her husband hid tens of millions in commissions that Rappo received from the sale of paintings.

The couple’s affected tax returns were re-examined by tax authorities in 2015 after Yves Bouvier clashed with Russian billionaire Dmitry Rybolovlev. According to the Federal Court’s ruling published on Thursday, it emerged at the time that the commissions the art dealer had paid to Rappo for her role as agent had not been declared.

Tax-friendly havens

These amounts were paid directly to companies in tax-advantaged locations owned by complainant Rappo. The tax authorities have transferred a total of almost 20 million francs in back taxes for the years 2006 to 2009.

The Geneva Court of Appeal ruled that the periods before 2008 were time-barred and corrected the tax assessments accordingly. This decision has now been confirmed by the Federal Court. The judgment does not specify the final amount of warnings and fines imposed on the couple.

A week ago, the Geneva public prosecutor’s office closed criminal proceedings against Yves Bouvier and other people, including Tania Rappo. Dmitri Rybolovlev had accused them of charging too much for works of art. (SDA)

Source: Blick