Dolce & Gabbana Tax Evasion Scandal

In the middle of June, 2013, the Italian fashion designers Dolce & Gabbana were convicted in an Italian court of tax evasion, resulting in a sentence of up to one year and 8 months in prison. Both designers have denied the charges and plan to appeal. The process however has been a long one, dating back to 2004 when the company sold two of its main brands to the holding company, Gado.
All in all, it's unlikely the dynamic designer duo will go to prison, as the Italian legal system is famously slow and sentences of less than 3 years are usually served with house arrest or community service. The most aggravating thing is probably that if the conviction is supported at the end the designers will have to pay half a million Euros to the Italian tax agency. Dolce and Gabbana are not the first Italian fashion designers suspected of tax fraud. In 1996 Giorgio Armani was convicted of paying off tax authorities with bribes.

Recommended
for you

Want to give your business a boost? Then it's time to start promoting and improve your professional…
Though many people feel intimidated by the idea of writing out a business plan, this is an essential…
Whether you are trying to think of a successful product or strategy for your business or just lookin…
One of the most exciting new technological inventions has been the 3D Printer, bringing to life 3D o…
It's possible to promote your small business without spending a fortune. The trick to good marketing…
There is no doubt that a food truck phenomenon has happened in all major U.S cities and even smaller…