Categories: PHOTOSPEAKS

Italian designers Dolce&Gabbana sentenced to a year and 8 months in prison for tax evasion
Italian fashion designers Domenico Dolce and Stefano Gabbana, the men behind fashion power house, Dolce & Gabbana were on 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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Kanyi Okeke

Kanyi is the Founder & Editor-in-Chief of KanyiDaily.com. When she's not serving DAILY delicious scoops on Entertainment and news, you can find her reading a book by the beach. Keep up with Kanyi on Instagram and Twitter or through her email Kanyi@KanyiDaily.com

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KanyiDaily.Com is your hot online source for your daily dose of News, Entertainment and Lifestyle!.

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