Your mid-afternoon dose of chic intel has arrived. Read on for today’s Daily News… Ever Wonder Why Victoria Beckham Never…
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Luxembourg
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Your mid-afternoon dose of chic intel has arrived. Read on for today’s Daily News… Ever Wonder Why Victoria Beckham Never…
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The courtroom-set saga continues to unfold: Domenico Dolce and Stefano Gabbana were slapped with the verdict for their tax evasion case, and the sentence isn’t pretty. The Sicilian design duo has been sentenced to one year and eight months in prison; a three-hour juror’s meeting this afternoon sealed the ominous deal.
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Will Domenico Dolce and Stefano Gabbana be headed to the clinker soon? We hope not! A ruling in a tax evasion case leveled against the design duo is expected to be reached on Wednesday in the Italian courts.
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Domenico Dolce and Stefano Gabbana were denied appeal and their fashion house was slapped with a fine of $440.2 million by the Italian Tax Commission. The duo got charged for transferring control of their brands to a shell company (a company that exists but does not actually do business or have any assets) called Gado Srl in Luxembourg in 2004 and 2005. The transfer allowed the designers to avoid paying a total of $550 million in taxes to Italy.