Fashion designers Dolce and Gabbana guilty of tax evasion in Italy
Dolce & Gabbana Found Guilty Of Tax Evasion
Photo via Instagram.com/Dolcegabbanaofficial
The fun and games of fashion legendsStefano Gabbana, 54, and Domenico Dolce, 50,might hit the brakes for a bit, as theDolce & Gabbanadesigners were today found guilty of tax evasion in an Italian court, according toWWD.
The Backstory:In late May, prosecutors Gaetano Ruta and Laura Pedio demanded that the design duo be sentenced to 2.5 years in prison for tax evasion after a six-month trial. The prosecutors alleged that the only reason the designer sold their iconic Milan-based Dolce & Gabbana brands to Luxembourg-based holding company, Gado S.r.l, in 2004 was to avoid paying about 0 million they owed to the Italian government in taxes. Then, on June 12, the designers’ lawyer asked for a full acquittal and to dismiss all charges, claiming there was no case to proceed. Today’s verdict is in response to that June 12 request.
What It Means:Their sentencing today is to 20 months in jail, which the designers are fully expected to appeal. D&G lovers, don’t fret: we highly doubt to see the duo doing any jail time at all, much less a year and a half.
Video: Dolce and Gabbana convicted of tax evasion
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