Ferrari Boss agrees to do community service over tax case
The agreement, which does not include an admission of guilt, also involves one year of community service for John Elkann, a prominent member of the influential Agnelli family and grandson of former Fiat boss Gianni Agnelli.
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John Elkann, chair of Ferrari and Stellantis, along with his siblings Lapo and Ginevra Elkann, has agreed to pay €183 million to Italian tax authorities to settle a long-standing inheritance tax dispute, Italian prosecutors confirmed via several media outlets.
The agreement, which does not include an admission of guilt, also involves one year of community service for John Elkann, a prominent member of the influential Agnelli family and grandson of former Fiat boss Gianni Agnelli.
The dispute centers on the estate of their grandmother, Marella Caracciolo, who passed away in 2019. Italian prosecutors alleged that the siblings failed to declare around €1 billion in assets and €248.5 million in income, asserting that Marella was an Italian resident, contrary to claims that she resided in Switzerland.
Elkann’s legal team emphasized that the settlement and request for probation do not equate to an acceptance of responsibility.
Siniscalchi added that this outcome would match that of Ginevra and Lapo, for whom charges have already been dropped following the agreement.
As part of the arrangement, John Elkann will propose potential locations for completing his community service, which could include volunteering at centres for the elderly or rehabilitation centres for drug addiction, according to Reuters.
Prosecutors accepted the financial settlement on Monday, and have asked the court to officially drop the criminal charges against Elkann's siblings. Their cases have already been dismissed.
The case has unfolded amid a broader legal conflict within the Agnelli dynasty. A separate civil case is ongoing between the Elkann siblings and their mother, Margherita Agnelli, over the inheritance of Gianni Agnelli, the iconic industrialist who led Fiat’s transformation into a global automotive empire. He passed away over 20 years ago.
Margherita, who inherited €1.2 billion, is challenging the validity of agreements she signed in 2004, arguing that those arrangements unfairly excluded her children from a second marriage in favor of her three oldest children, including John Elkann.
