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Dolce & Gabbana Sentenced to Prison in Italy for Tax Evasion

D&G designers, Domenico Dolce and Stefano Gabbana were yesterday June 19th sentenced to one year and eight months imprisonment by an Italian court after being found guilty of tax evasion and also with a fine of €500,000.

The multi-millionaire 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.

The Italian authorities also accused 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.

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.

However, their sentences have been suspended pending their appeal.

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