The tax man ain’t nothing to play with and Dolce and Gabbana are learning the hard way.
Domenico Dolce and Stefano Gabbana, the faces behind the brand Dolce and Gabbana, have been stirring the pot of tax evasion for quite some time, and now it looks like the duo may have to do some time on the inside for the white-collar crime.
Back in 2010, the designers were accused of setting up a holdings company in Luxembourg to avoid declaring over 840 million euros ($1.1 billion) in sales to the Italian government. The government then indicted the duo for tax evasion and later had a lower court drop the charges a couple of months after due to lack of evidence, only to have it opened back in 2011.
Now the duo, and their accountant, may be facing some jail time, as they are accused of omitting and unfaithful earnings declarations, specifically related to the 2004 sale of the Dolce & Gabbana and D&G brands to the designers’ Luxembourg-based holding company, Gado Srl.
According to WWD:
Prosecutor Gaetano Ruta requested two and a half years in jail for Dolce and Gabbana, three years for the designers’ accountant Luciano Patelli, and two years for both Alfonso Dolce, Domenico’s brother, and finance director Giuseppe Minoni.
Dayum dayum DAYUM! This is not looking good for the pair.
SOURCE: Fashionista/WWD
