In September the governments of Belgium, the Netherlands and Luxembourg all injected capital to stabilise the bank.

ECONOMIST: Fortis

Luxembourg investment company Genii Capital is to buy 75% of the team, which will be run jointly with Renault.

BBC: Robert Kubica not sure to stay at new-look Renault

On that capital gain, ICG subsequently paid a "very small amount" of taxes in Luxembourg, according to a person with knowledge of the tax filing.

WSJ: Italy Scours Deals Abroad for Elusive Tax Revenue

At the heart of the Valentino case is a Luxembourg holding company, called International Capital Group, or ICG, that was set up in 2006 by Marzotto family members to group the 29.6% combined stake they owned in VFG.

WSJ: Italy Scours Deals Abroad for Elusive Tax Revenue

For anyone who still needs a reminder, I invite you for a short visit to the Luxembourg American Cemetery and Memorial, just outside the capital city, the burial place of General George S. Patton and the thousands who fell in the Battle of the Bulge in Bastogne, Belgium, and nearby, fighting to liberate the region from the Nazis.

FORBES: Cynics Be Gone; Europe Deserves Its Nobel Peace Prize