The last thing you think of when hearing the names Dolce and Gabbana is tax fraud, especially because these guys are rolling in the dough! The two Italian fashion icons received a suspended jail sentence for 20 months after they were found guilty of owing 268 million dollars in back taxes.
Lucky for them the statute of limitations expired on the charge and they were acquitted for misrepresenting their total earnings, but the judge still ordered them to cough up $670 000 in penalty
The trouble allegedly began when the duo decided to sell their brand to a company in Luxemburg during 2004 to avoid paying taxes. Italy’s Tax Commission is currently busy with a probe of the sale and is accusing them of defrauding the state, but both men continue to maintain their innocence.
This isn’t their first run in with the law either. Two years ago, a court dismissed charges of tax evasion and fraud against them, but they managed to escape going to the big house once again.
With the complexities of Italian law, it’s not likely that they will spend any time in jail for their latest stint either.
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