Domenico Dolce and Stefano Gabbana Face Jail Time for Tax Evasion Conviction | SENATUS

ASIA'S PREMIER LUXURY & LIFESTYLE MAGAZINE

SENATUS.NET

Domenico Dolce and Stefano Gabbana Face Jail Time for Tax Evasion Conviction
By SENATUS News | 20 June 2013

In breaking news, Italian fashion designers Domenico Dolce and Stefano Gabbana have been convicted for tax evasion and will be sentenced to jail time of one year and eight months. The duo were not at trial and have maintained their denial of the charges, and are likely to appeal the sentencing.

At the hearing on Wednesday, the judge ruled that the designers moved their brand to a Luxembourg-based holding company Gado in 2004. He said they had done this to avoid declaring taxes on royalties of around 1 billion euros (£833m; $1.3bn).

Prosecutors also alleged they sold the business for well below actual market value, in an attempt to under-report on capital gains.

1 Photo | View Photos

Fashion & Style

Loro Piana presents Workshop of Wonders at Harrods

Watches & Jewelry

Cartier’s Trinity 100 pop-up makes a stop in Tokyo

Fashion & Style

The RIMOWA Original now available as a cross-body mini luggage bag

Fashion & Style

Cartier debuts the new Panthère Double, with Lily Collins fronting campaign

Fashion & Style

Schiaperelli Spring-Summer 2025 at Paris Fashion Week

Fashion & Style

Hermès Spring-Summer 2025 at Paris Fashion Week

All Rights Reserved. SENATUS © 2024
 

SENATUS is a registered trademark of SENATUS PTE LTD. The material on this site may not be reproduced, distributed, transmitted, cached or used otherwise, except as expressly permitted in writing by SENATUS.