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.
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??