Dolce and Gabbana charged with tax evasion

MILAN (AP):

Italian fashion designers of the mega brand Dolce&Gabbana have been sentenced to one year and eight months in jail each.



A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion.



The pair were found guilty today of failing to declare €1 billion (US$1.3 billion) in income to authorities.



Prosecutors argued that the pair had evaded taxes on income of €416 million each and €200 million through a Luxembourg-based company.



The statute of limitations ran out on a charge of misrepresenting income.



The designers have denied the charges.



Two years ago, a judge threw out a tax evasion and fraud case against the pair, whose label Dolce&Gabbana is a Milan fashion mainstay.



Italy's high court later ruled the designers could be prosecuted for tax evasion, though not for fraud.



FOR MORE STORIES WATCH

Like our new Facebook page http://www.facebook.com/gleanerjamaica



Follow us on Twitter http://twitter.com/JamaicaGleaner



onlinefeedback@gleanerjm.com