This Article is From Jun 20, 2013

Dolce & Gabbana sentenced to jail for tax evasion: reports

 Dolce & Gabbana sentenced to jail for tax evasion: reports

Stefano Gabbana (Left) and Domenico Dolce (Right). File picture

Highlights

  • An Italian court on Wednesday sentenced fashion house duo Dolce & Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports.
  • Domenico Dolce and Stefano Gabbana were found guilty of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.
Rome: An Italian court on Wednesday sentenced fashion house duo Dolce & Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports.

Domenico Dolce and Stefano Gabbana were found guilty of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.

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