Dolce & Gabbana sentenced to prison time

Dolce and Gabbana sentenced to jail time for tax evasion in Italy!

Dolce and Gabbana sentenced to jail time for tax evasion in Italy!

Next year’s great fashion trend may well be prison chic!

Top fashion designers Domenico Dolce and Stefano Gabbana have been sentenced to 20 months prison in Italy.

They have been found guilty of tax evasion after Italian authorities claim the pair hid millions. Dolce and Gabbana have denied all charges.

Italian authorities began investigating Dolce and Gabbana in around 2007 as part of a nation-wide initiative by the Italy government to stem tax evasion.

A previous trial found the pair to be innocent, but this decision has been overturned by Italy’s highest court.

In April, the pair were also fined 343.4 million euro by the Italy Tax Commission.

Dolce and Gabbana  are unlikely to go to prison just yet as they still have more legal process to go through to appeal the decision.

Part of the accusation concerned the Dolce and Gabbana brand being moved to a holding company based in Luxembourg in 2004 so as to evade around a billion euro in taxation. It has also been alleged the company was sold below market value.

As part of the tax evasion crack-down, Italian authorities have also focused on Luciano Pavarotti, Diego Maradona,  Valentino Rossi and companies such as Bulgari jewellery.

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