Tags: dolce | gabbana | jail | time

Dolce Gabbana: Jail Time Sought for Designing Duo on Tax Charge

Thursday, 30 May 2013 07:15 AM

By Newsmax Wires

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
An Italian prosecutor is seeking a two-year, six-month sentence against the designing duo Domenico Dolce and Stefano Gabbana for allegedly failing to declare 1 billion euros ($1.3 billion) in income to tax authorities.

Prosecutor Gaetano Ruta told a court during closing arguments Wednesday in Milan that the pair had evaded taxes on 416 million euros each and 200 million through a Luxembourg-based company, The Associated Press reported. The statute of limitations ran out on a misrepresenting income charge.

Urgent: Is Obama Telling the Truth on IRS, Benghazi Scandals?

The designers deny the charges. A verdict is expected later this month.

A judge two years ago threw out a tax evasion and fraud case against the pair, whose label Dolce&Gabbana is a mainstay of Milan fashion. Italy's high court later ruled the designers could be prosecuted for tax evasion, though not for fraud.

Related story:

Lauryn Hill Gets 3 Months in Jail for Tax Evasion

Hypocrisy Around Closing Tax Havens

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved