19 June 2013

DOLCE and GABBANA SENTENCED TO JAIL

No 1 is above the law ,just earlier today Domenico Dolce and Stefano Gabbana, the men behind fashion power house, Dolce & Gabbana were today June 19th convicted to a year and eight months in prison by an Italian court after they were found guilty of tax evasion. They were also fined €500,000.
The designers were accused of hiding millions of euros from Italian tax authorities, they ave come out to deny d alligation
the 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,
Their sentences have been suspended pending their appeal.

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