Dolce And Gabbana Cleared Of Tax Evasion Charges

A judge in Milan decided Friday there is no legal foundation for the Italian tax collection agency to sue designers Domenico Dolce and Stefano Gabbana for tax evasion, WWD has reported.

Judge Simone Lerti spent four hours on Friday evaluating arguments from prosecutor Laura Pedio and statements from Dolce, Gabbana, and a few other members of their company before he said the trail could not go forward. The company and the men who run it had been accused of criminally defrauding the Italian tax collection agency, Equitalia, out of taxes on over a billion dollars in income.

The Guardia di Finanza, Italy’s tax police, had been investigating Dolce and Gabbana since 2008. The agency claimed that when the men sold their fashion and lifestyle brand to their Luxembourg-based holding company Gado in 2004, they purposefully undervalued it so they wouldn’t have to pay as much in taxes as they should have. The men and the company, of course, denied this charge, but we’ve been on pins and needles waiting to see if the men would actually have to go to trial for months now. And we’re really glad they don’t. Can you imagine what the pre-fall collection would look like if they had to be in court for the next few months?

The company’s accountant, Luciano Patelli, Dolce’s brother Alfonso Dolce, board member Cristiana Ruella, and company managers Giuseppe Minoni and Antoine Noella were also exonerated. And now they can get back to work!

Court Clears Dolce, Gabbana [WWD]

Earlier:

Dolce And Gabbana Face Trial For Evading Taxes On $1B
Dolce and Gabbana Indicted In $1B Tax Evasion Charges
Did Dolce & Gabbana Forget To Pay $1 Billion In Taxes?

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