Domenico Dolce & Stefano Gabbana face two and a half years prison sentence for tax evasion
During today’s sentencing hearing of Domenico Dolce and Stefano Gabbana in the tax evasion trial, the prosecutor has demanded prison sentences of two and a half years for each each. The prosecutor did not ask the presiding judge for the harshest sentence according to Italian fiscal laws, which stands at 5 years. The company’s Chief Accountant Luciano Patelli, Finance Director Giuseppe Minoni and Domenico Dolce’s brother, Alfonso Dolce, could also face, each, prison sentences between 2 and 3 years.
The case concerns the 2004 sale of the Dolce & Gabbana and D&G brands to the designers’ holding company, Gado Srl, based in Luxembourg. An Italian court ruled in favour of the nation’s tax authority in March of this year, finding those involved guilty of “abuse, with the only goal of obtaining a fiscal advantage,” awarding a fine of 343.3 million euros.