Italian designers Dolce & Gabbana sentenced To Prison For Tax Evasion Crime

Italian fashion designers Domenico Dolce and
Stefano Gabbana, the men behind fashion power
house, Dolce & Gabbana were today June 19th
sentenced to one year and eight months in prison
by an Italian court after being found guilty of tax
evasion. They were also fined €500,000.

The multimillionaire designers were accused of
hiding millions of euros from Italian tax
authorities, charges they deny and have said they
intend to appeal against any conviction.
Italian authorities are accusing them of moving
their brand to a Luxembourg-based holding
company Gado - in 2004, so they could avoid
declaring taxes on royalties of about 1 billion euros.

The Italian authorities have been investigating the
designers for about six years now and they were
actually cleared of tax evasion/fraud charges at a
previous trial in April 2011 but Italy's highest court
overturned that ruling, ordering that the case be
sent back to trial.
Their sentences have been suspended pending
their appeal.

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