Moncler settles tax position

Moncler said on Friday it had signed an agreement with the Italian Tax Authority, which will allow the fashion company to have access to the Patent Box tax-relief regimen. The benefits are related to the 2015-19 period.The estimated tax benefit for the period 2015 to 2017 is valued at 34 million. 2018 and 2019 tax benefit will be quantified and disclosed in respective annual statements