Dolce’ & Gabbana Sentenced To 18 Months In Jail Over Tax Fraud In Italy
The high end shoppers out there are worried about how they will be buying Dolce & Gabbana after the legendary Fashion design duo has been sentenced to 18 Months in jail over tax fraud in Italy. Uncle Sam speaks all languages and loves all styles of clothes and yes, even the high end lines.
According to Page Six reports:
An Italian appeals court on Wednesday upheld a tax fraud conviction for Domenico Dolce and Stefano Gabbana, the founders of the world-famous fashion label Dolce & Gabbana, sentencing them to a suspended 18-month jail term.
The designers stood accused of failing to pay tax on income of $277 million by creating fictitious companies in Luxembourg in order to dodge heftier corporate tax rates in their home country.
“I am speechless. I am flabbergasted. We will definitely appeal,” said Massimo Dinoia, a lawyer for the designers. In Italy, rulings can be challenged twice before they are final.
The tax case against Dolce & Gabbana started in 2008. At the end of a civil lawsuit in 2013, the company’s founders were fined $475 million. But criminal proceedings remained open against them, leading to Wednesday’s convictions.