Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

MEDIAWATCH

Sarkozy, Hollande and the scooter wars

Read more

MEDIAWATCH

Confusion online over Air Algérie flight

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

FRANCE IN FOCUS

WWI Centenary: the battle for Verdun

Read more

THE BUSINESS INTERVIEW

When big companies want to do good

Read more

  • Hamas opens fire on Israel despite offer to extend humanitarian truce

    Read more

  • Photos: Youths clash with police at banned Gaza protest in Paris

    Read more

  • Bodies of all Air Algérie crash victims to be brought to France

    Read more

  • Germany's Tony Martin wins 20th stage of Tour de France

    Read more

  • Kidnapped Briton freed after five months' detention in Yemen

    Read more

  • US evacuates embassy in Libya amid militia clashes

    Read more

  • Kerry in Paris for new round of Gaza ceasefire talks

    Read more

  • Nibali rides serenely toward a place in Tour history

    Read more

  • Video: 'Lack of security' at MH17 crash site, FRANCE 24 reports

    Read more

  • In pictures: Devastation, debris at Air Algérie crash site

    Read more

  • Washington Post reporter and his wife arrested in Iran

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Lithuania’s Navardauskas wins 19th stage of Tour de France

    Read more

  • LA Times wipes France off the map in air crash infographic

    Read more

  • Fans electrify the mood as Tour de France crosses the Pyrenees

    Read more

  • French lawyer files complaint against Israel at ICC

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

Europe

Dolce and Gabbana sentenced to jail for tax evasion

Text by NEWS WIRES

Latest update : 2013-06-19

An Italian court sentenced Milan designers Domenico Dolce and Stefano Gabbana on Wednesday to one year and eight months in prison for failing to declare around one billion euros in income to the authorities. The pair deny the charges.

An Italian court Wednesday sentenced fashion house duo Dolce & Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports.

Lawyers for Dolce and Gabbana, whose celebrity clients include Beyonce and Madonna, immediately said they will be appealing, and under Italian law the sentence will be suspended in the meantime.

Domenico Dolce and Stefano Gabbana were accused of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.

Prosecutors had argued that setting up the Luxembourg company Gado -- an acronym of the surnames of the two designers -- while the company was operating out of Italy was a bid to defraud the state.

In her closing speech, prosecutor Laura Pedio said there was "rock-solid proof" that the duo had committed "sophisticated tax fraud".

She said Gado was "a sort of cloud with the consistency of gas," while fellow prosecutor Gaetano Ruta said it was "an artificial construction the aim of which was to get a tax advantage".

Investigators completed a probe into the designers, as well as five other people, in 2010 and the case was dismissed in April 2011 but reopened in November last year and went to trial.

Founded in 1985, Dolce & Gabbana employs more than 3,000 people and has 250 shops in 40 countries around the world.

(AFP)

Date created : 2013-06-19

  • European Union

    EU’s biggest states vow to fight tax evasion

    Read more

  • FOOTBALL

    Spain investigates football star Messi for tax evasion

    Read more

  • FRANCE

    UBS France 'put under formal investigation'

    Read more

COMMENT(S)