Nigel Campbell's picture

Dolce & Gabbana Sentenced To 18 Months In Prison For Tax Evasion

Embattled fashion designers Domenico Dolce and Stefano Gabbana of the famed Dolce & Gabbana fashion house have lost their appeal in an Italian tax evasion case. The pair has been sentenced to 18 months in prison, but may not have design their own prison jumpsuits because it looks like the sentence has been suspended.

Reuters reports:

Fashion designers Domenico Dolce and Stefano Gabbana were each given a reduced, suspended sentence of 18 months in jail on Wednesday for a conviction on charges of hiding hundreds of millions of euros from Italian tax authorities.

Italy's appeals court upheld a verdict issued last June against the pair, who are as famous as the stars they dress, on charges of using Luxembourg holding company Gado to avoid paying taxes on royalties of about 1 billion euros ($1.38 billion).

The sentence was reduced from 20 months because the statute of limitations applied to certain facts in the case.

A lawyer for Dolce and Gabbana, who have always denied any wrongdoing, said they would appeal the decision. "I am speechless. We are all shocked. The judgment is inexplicable and we will appeal," Massimo Dinoia said after the judgment.

It sucks to have a conviction on your record, but if the sentence has been suspended and they won't actually have to serve jail time, perhaps they should just pay the taxes and move on??

What do you think, Instincters??

Comments

Not to sound argumentative, but you do realize that Bill gates pretty much single handedly, built one of the largest companies in the world? He had "some drive"? After getting a "peak" at pretty much the only thing resembling a computer in the 70's, he developed his own computer, with its own programming language, in a matter of weeks. The guy is a genius. I think when you start talking about you designed the programming language, that all computers in the world are based off of in one way or the other you deserve a little more than, "they were lucky and had drive". If i gave you a pair of google glasses and gave you a couple of weeks to tell me how it works, and design your own pair, using your own coding that you created pretty much on the spot. YOU couldnt and cant. As far as the "big" money thats inherited. Most people who have substantial wealth, arent "old money" through inheritance. its actually new money that is on top. Mark Zuckerberg is wiping the floor with the waltons as well as Johnson & Johnson. Not to mention google, again microsoft, amazon these are billions made in their lifetimes in very short amounts of time. Oprah Winfrey for example, go check the forbes list of billionaires and youll see 90% of that list isnt "old money" because that money is virtually nothing to the new school of money makers.

They are billionaires.  It's not like they personally balance their checkbook at the end of each month.  They pay people to manage their money and affairs such as paying bills and taxes.  When you have as much money as they do and continue to earn money by the minute, I doubt they would intentionally not pay taxes.

How naive!   You don't think that those billionaires would evade taxes?   Uh.....why?   It's the Great American Pastime, and Italians are very well known for their skills in that area.    They might not do it anymore since they have been caught....but they knew what was going on.

They should do hard labor for 20 months.

There is not enough information to determine whether they are guilty or not. The assumption by some that because they are rich, they are somehow automatically guilty is disgusting.  Many wealthy people work very hard to get to where they are, and I think its foolish to assume they didn't. 

The courts might have made their decision, but when it comes to global business I cannot imagine that taxes are an easy cut and dry answer.... and I do not believe for one second that people with a business that substantial would sabotage it willingly by not paying taxes.

"Many wealthy people work very hard to get where they are, and I think it's foolish to assume they didn't."

I think that it's patently absurd to assume that the average wealthy person DID work hard to get where they are.   Really BIG money is seldom the end result of hard work.   It's a combination of things.   Sometimes it just amounts to having a bright idea, being in the right place at the right time, and a lot of luck.   Bill Gates is the perfect example.   He had a great idea, the technology was ripe for advancement, and Bill had some drive and a lot of luck.    Did he actually work harder than the average tax accountant in April?   I don't think so.    Really BIG money is inherited most of the time. The Walton Family is a great example of that.   Do you think that the average CEO really works 380 times as hard as their workers do?    They are compensated at that rate.

Turn down for what?
 

Well played 

Pigs should pay it all back and serve at least 10 - 20 years in Prison. It's sick the rich and famous walk away from su ch bull shit while average citizens are punished to the maximum potential of the law.

I think that you and Charlie have the right idea.   The law should be the same for everyone....it seldom is enforced in the same way for the rich.   (Because judges don't want to be ostracized from that elevated level of society...)

I agree 100% why should we get jail and they get a slap on the wrist and gonna appeal it maybe if we are lucky it will bite them in the ass

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