Monday, Jun 27, 2016
One of America's Great Newspapers ~ Toledo, Ohio

World

Dolce and Gabbana convicted of tax evasion

  • Italy-Dolce-Gabbana

    Italian fashion designers Domenico Dolce and Stefano Gabbana lawyer Massimo Di Noia answers reporters' questions after the sentence at the Milan's court, Italy, Wednesday, June 19, 2013. A Milan court convicted fashion designers Domenico Dolce and Stefano Gabbana of tax evasion. The pair were found guilty Wednesday of failing to declare euros 1 billion ($1.3 billion) in income to authorities. The court sentenced them both to one year and eight months in jail. Prosecutors argued that the pair had evaded taxes on income of 416 million euros each and 200 million euros through a Luxembourg-based company. The statute of limitations ran out on a charge of misrepresenting income. (AP Photo/Luca Bruno)

    <ASSOCIATED PRESS

  • Italy-Dolce-Gabbana-1

    Italian fashion designers Stefano Gabbana, left, and Domenico Dolce.

    <ASSOCIATED PRESS

  • Italy-Dolce-Gabbana-2

    FILE -- In this file photo taken on Jan. 12, 2013, Italian fashion designers Stefano Gabbana, left, and Domenico Dolce bow to the audience after presenting their Dolce & Gabbana men's Fall-Winter 2013-14 collection in Milan, Italy. A Milan court convicted fashion designers Domenico Dolce and Stefano Gabbana of tax evasion. The pair were found guilty Wednesday of failing to declare euros 1 billion ($1.3 billion) in income to authorities. The court sentenced them both to one year and eight months in jail. Prosecutors argued that the pair had evaded taxes on income of 416 million euros each and 200 million euros through a Luxembourg-based company. The statute of limitations ran out on a charge of misrepresenting income. (AP Photo/Antonio Calanni)

    <ASSOCIATED PRESS

  • Italy-Dolce-Gabbana-3

    Prosecutors Laura Pedio and Gaetano Ruta look at each others prior to the sentence at the Milan's court Italy, Wednesday, June 19, 2013. A Milan court convicted fashion designers Domenico Dolce and Stefano Gabbana of tax evasion. The pair were found guilty Wednesday of failing to declare euros 1 billion ($1.3 billion) in income to authorities. The court sentenced them both to one year and eight months in jail. Prosecutors argued that the pair had evaded taxes on income of 416 million euros each and 200 million euros through a Luxembourg-based company. The statute of limitations ran out on a charge of misrepresenting income. (AP Photo/Luca Bruno)

    <ASSOCIATED PRESS

Italy-Dolce-Gabbana-1

Italian fashion designers Stefano Gabbana, left, and Domenico Dolce.

ASSOCIATED PRESS Enlarge

MILAN  — A Milan court today convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion.

They were found guilty of failing to declare 200 million euros ($268 million) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence. They were ordered to pay a penalty of 500,000 euros (about $670,000) to tax authorities.

The court, however, acquitted them of misrepresenting income of 416 million euros (around $560 million) each, even though the statute of limitations had expired on the charge.

The designers have denied the charges. Defense lawyer Massimo Dinoia pledged to appeal the ruling, saying the fact the court issued an acquittal on a charge that had expired, instead of just letting it fall to the statute of limitations, “means the proof of their innocence is evident.”

Two years ago, a judge threw out a tax evasion and fraud case against the pair, whose label Dolce&Gabbana is a Milan fashion mainstay. Italy’s high court later ruled the designers could be prosecuted for tax evasion, though not for fraud.

Three other defendants, including two managers, were also convicted in the scheme and given suspended sentences of one year and four months. A sixth defendant was acquitted.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…