Wednesday 19 June 2013

Dolce and Gabbana sentenced to jail for tax evasion




Domenico Dolce and Stefano Gabbana, the legendary designer duo whose billion-dollar fashion empire has been embroiled in a $1.3-billion tax evasion case, were sentenced to almost two years in prison today, Reuters reports — but they probably won't serve any jail time in what would no doubt be one of the stranger times behind bars in celebrity history.

The case stems from the designers' actions in 2004, when they sold their brand to a holding company in Luxembourg, Gado. That was so they could allegedly sneak out of taxes on 1 billion euros worth of royalties. The trial, Lisa Jucca of Reuters reported yesterday, is a result of how "cash-strapped Italy has recently stepped up action on tax evasion." But D&G are denying the charges. (After the duo lost an appeal and were fined earlier this year, Gabbana launched one of his frequent Twitter rants to dispute accusations.But due to the "complexity and length of the appeals process," Reuters reports, they will likely not serve any of their one-year-and-eight-month sentence, although that really would be something.

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