The drama continues in the Domenico Dolce and Stefano Gabbana tax evasion trial. We mentioned the case back in March when several other Italian fashion houses were brought under the ringer for similar charges.
According to Fashionista, the designers are accused of trying to avoid higher taxes in Italy by omitting and falsifying 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.
The prosecutor in the case is requesting a two and a half year sentence for their criminal case, on top of the $440 million fine they paid last month to Milan’s tax court.
We’ll all have to sit tight and see what happens.