December 23, 2024

Gay LGBTQ Media and Press Network

GayWebSource.com – LGBTQ News And Press Release Syndication. Connecting Gay News Media Worldwide Since Nov. 2001, Over 20 Yrs Serving the Gay Community.

NEWS: Gay Designers Dolce and Gabbana Sentence To Jail For Tax Evasion

<p>Italian designing duo, Dolce and Gabbana have been sentenced to 20 months in prison after being found guilty for tax evasion by an Italian court.</p><p>By Newsdesk | 19th June 2013</p><p></p><p>Openly gay designers Domenico Dolce and Stefano Gabbana have been sentenced to 20 months jail time after being found guilty of tax evasion in Italy.</p><p></p><p>The duo has not commented on their sentences, which have been suspended pending an appeal.</p><p></p><p>According to the <a href="http://www.bbc.co.uk/news/business-22977174">BBC</a> an investigation by the Italian authorities began around six years ago as part of a crack down by the government on tax avoidance.</p><p></p><p>The judge at their hearing, which took place on today (19th June), ruled that the designers moved their world famous brand to a Luxembourg-based holding company Gado – which is an anagram of their two surnames. </p><p></p><p>The judge said they had done this to avoid declaring taxes on royalties of around 1 billion euros £822m.</p><p></p><p>The pair had already been cleared of the charges at a previous trial in April 2011. However, Italy’s highest court has the power to overturn previous rulings and ordered the case to be retried.</p><p></p><p></p><p>Related Stories</p><p></p><p><a href="http://www.thegayuk.com/magazine/4574334751/FASHION-NEWS-JOHN-GALLIANO-ATTEMPTS-A-REPUTATION-REBUILD/4647435">FASHION NEWS: JOHN GALLIANO ATTEMPTS A REPUTATION REBUILD</a></p><p></p><p><a href="http://www.thegayuk.com/#/magazine/4574334751/NEWS-Plug-Pulled-On-Galliano-Master-Class/5630079">NEWS: Plug Pulled On Galliano Master Class</a></p><p></p><p><a href="http://www.thegayuk.com/magazine/4574334751/FASHION-Fab-Four-From-Fossil/5571777">FASHION: Fab Four From Fossil</a></p>

Italian designing duo, Dolce and Gabbana have been sentenced to 20 months in prison after being found guilty for tax evasion by an Italian court.

By Newsdesk | 19th June 2013

Openly gay designers Domenico Dolce and Stefano Gabbana have been sentenced to 20 months jail time after being found guilty of tax evasion in Italy.

The duo has not commented on their sentences, which have been suspended pending an appeal.

According to the BBC an investigation by the Italian authorities began around six years ago as part of a crack down by the government on tax avoidance.

The judge at their hearing, which took place on today (19th June), ruled that the designers moved their world famous brand to a Luxembourg-based holding company Gado – which is an anagram of their two surnames.

The judge said they had done this to avoid declaring taxes on royalties of around 1 billion euros £822m.

The pair had already been cleared of the charges at a previous trial in April 2011. However, Italy’s highest court has the power to overturn previous rulings and ordered the case to be retried.

Related Stories

FASHION NEWS: JOHN GALLIANO ATTEMPTS A REPUTATION REBUILD

NEWS: Plug Pulled On Galliano Master Class

FASHION: Fab Four From Fossil

New Members: If You Just Created A New Account, Please Upload A Logo or A Photo To Represent You or Your Publication. All new accounts must have an avatar pic. We will not approve your account until your profile has been competed. You will not have full access of the site until your account is approved. We require this to help keep out spam accounts. To edit your profile, click on your name in the top right corner of the site and follow the profile links. If Your Account Has Been Recently Migrated Please Click = > Here.

Visit Us On TwitterVisit Us On FacebookVisit Us On YoutubeCheck Our Feed