Sunday , October 24 2021

Berardo company earns 48 million in tax benefits in Madeira


The companies and entities controlled by Joe Berardo have guaranteed more than 48.4 million euros in tax benefits in the last three years, and almost all of this value was obtained by Madeirense de Tabacos (also owned by Horácio Roque's family) thanks to the reduced rate of tobacco tax in force in Madeira and the advantageous regime of the Madeira Free Zone in terms of IRC. The data was revealed in this Saturday's edition of Expresso.

The same weekly newspaper reports that the Madeiran tobacco company, whose capital the Berardo Foundation holds a 48.8% share, obtained 48.3 million euros in tax benefits in the years 2015 to 2017. In the same period the Berardo Foundation itself obtained benefits tax of 36 thousand euros, Bacalhôa Vinhos de Portugal of 42 thousand euros and the company Matiz of 12 thousand euros.

The commander and businessman from Madeira is news in other newspapers this Saturday. Correio da Manhã says that in April 2006, Caixa Geral de Depósitos contributed 50 million to Berardo after an agreement with the Government of José Sócrates to loan its works of art to the State. The Público newspaper reveals that the Public Prosecutor's Office has placed two prosecutors exclusively in the investigation into the ruinous claims of Caixa Geral de Depósitos (among which, Berardo's), after the lawsuit had been stopped for some months. Finally, the Diário de Notícias of Lisbon traces the path of life and the ups and downs of the entrepreneur.

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