Domenico Dolce And Stefano Gabbana Convicted Of Tax Evasion In Italy
Dolce & Gabbana founders Domenico Dolce and Stefano Gabbana have been found guilty of tax evasion in Italy. They’ve each been sentenced to one year and eight months in prison, reported NBC News.
Dolce and Gabbana were accused of avoiding paying taxes in 2004 and 2005 by transferring control of their brands to a Luxemburg shell company called Gado. It is estimated that they hid roughly $1.3 billion in income during that time.
A runway look from Dolce & Gabbana's 2012 fall line
The Italian design partners have opted to appeal their conviction, though their sentencing is currently suspended, according to Fox News. Under Italian law, if they commit no other crimes in the next five years, they will avoid spending any time behind bars.
Neither Dolce nor Gabbana has ever acknowledged any guilt. The duo counts Beyoncé, Gerard Butler, Naomi Watts, Liam Helmsworth and Mila Kunis among their top-tier celebrity clients.