Ferrari Chair Agrees Community Service, Pays €183M to Settle Tax Dispute

John Elkann, chairman of Ferrari and Stellantis, has agreed to perform a year of community service and pay €183 million to settle a long-standing inheritance tax dispute related to the estate of his grandmother, Marella Caracciolo. The settlement ends a criminal investigation into alleged tax fraud without any admission of guilt and requires judicial ratification. Elkann's siblings, Lapo and Ginevra, are also part of the agreement, which has led prosecutors to request dismissal of charges against them. The dispute arises from contested claims over the inheritance of the late Fiat boss Gianni Agnelli, involving complex family legal battles, including civil litigation with their mother, Margherita Agnelli. The community service could involve work with elderly people or drug addiction centers, as Elkann must propose the institution where he will serve. This resolution closes investigations into tax evasion of an estate estimated at around €800 million and follows previous asset seizures totaling €75 million.