Senin, 01 April 2013

Dolce & Gabbana Ordered to Cough Up $440 Million


A timely reminder to be honest with the IRS: Italy’s Tax Commission has fined Dolce & Gabbana 343.4 million euros, or about $440.2 million, for dodging Italy's corporate taxes, WWD reports. This sentence may put an end to a tangled legal case that has dragged on since May 2009, when the designers were accused of shady dealings related to the 2004 "sale" of their label to a Luxembourg-based holding company called Gado. Domenico Dolce and Stefano Gabbana, who have steadfastly insisted upon their innocence, were absolved of any wrongdoing by a lower court in April 2011, but the decision was overturned by a higher court in November 2011 and reopened as a criminal case. 


Via: Dolce & Gabbana Ordered to Cough Up $440 Million

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