The famous Italian fashion designers
Domenico Dolce and Stefano Gabbana most famously known by their brand name ‘DOLCE
AND GABBANA” have been sentenced to jail in Italy for one year and eight months
for tax evasion.
They have been
accused of evading millions of euros from Italian tax authorities.
The duo, whose
customers have included Madonna, Kate Moss and Kylie Minogue, were not at the
trial, deny the charges and have appealed.
Dolce and
Gabbana have not commented on their sentences, which have been suspended
pending their appeal.
The
investigation by the Italian authorities began around six years ago as part of
a government plan to crack down on tax avoidance.
At the hearing
on Wednesday, the judge ruled that the designers moved their brand to a
Luxembourg-based holding company Gado - a play on their two surnames - in 2004.
He said they had
done this to avoid declaring taxes on royalties of around 1 billion euros
(£833m; $1.3bn).
Prosecutors
alleged they sold the business for well below actual market value.
They were
initially cleared of the charges at a previous trial in April 2011 but Italy
Link: BBC
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