Dolce And Gabbana Guilty: Designers Convicted Of Evading Taxes On $1.3 Billion In Income

A Milan court on Wednesday convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion.
They were found guilty of failing to declare 200 million euros ($268 million) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence. They were ordered to pay a penalty of 500,000 euros (about $670,000) to tax authorities.
The court, however, acquitted them of misrepresenting income of 416 million euros (around $560 million) each, even though the statute of limitations had expired on the charge.
The designers have denied the charges. Defense lawyer Massimo Dinoia pledged to appeal the ruling, saying the fact the court issued an acquittal on a charge that had expired, instead of just letting it fall to the statute of limitations, "means the proof of their innocence is evident."
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.
Three other defendants, including two managers, were also convicted in the scheme and given suspended sentences of one year and four months. A sixth defendant was acquitted.

Comments

DO YOU WANT TO BECOME A MASON IN NIGERIA

After all i have said about this fraternity if you are still interested in becoming a mason there are just simply ways in which you can do that, but inspite of my post i am neither encouraging nor discouraging you all i am doing is just to let you know more about this frat and there's more to come about those who have joined, the so called stars like jay-z, kanye west etc i guess its just 7 simple ways to join and off you go Are there things you want to accomplish in your life? Are there ways you want to enrich yourself? Do you enjoy being with people you like and respect? As a Freemason, you’ll find friendship and fraternity. You’ll develop life skills like self-confidence, leadership, and effective communication. You’ll learn to work as part of a team and to better yourself as you help others. Think about taking the first step into becoming a Mason. It is widely thought that one must be invited to become a Freemason or that Freemasonry is so exclusive as to be beyond the

13 Places You Should Visit In before the end of 2013

Wikimedia Commons It's more than halfway through 2013 and even though the summer is winding down, there's still plenty of time to book a trip to a great destination. We looked at major developments, cultural trends, and global festivals to find the hottest places to travel around the world in 2013. There are vast untouched landscapes that offer incredible outdoor experiences, cities that are experiencing a cultural rebirth, and up-and-coming destinations that offer great deals and few tourists. London, England Since Kate Middleton gave birth to Prince George Alexander Louis last week , England has been in the national spotlight, and is expecting a tourism boost. But that's not the only reason to visit the UK right now. The 2012 Summer Olympics in London came and went, but many of the buildings, restaurants, hotels and venues that sprouted up to accommodate the hundreds of thousands of visitors who came for the Olympics still stand. Several new building

Samsung reportedly close to releasing Glass competitor — and Google’s involved

This one is definitely a rumor, but its source is reliable enough to warrant a little speculation. Analyst and blogger Eldar Murtazin tweeted a rather definite message this week that Samsung is “developing [its] own version of Google Glass. We will see it (probably) around April – May under Gear Glass brand.” Given that Google’s own version of Glass is not expected to hit the mass market until early 2014, Samsung’s Glass competitor could very well race Google’s to market. That might seem like a nightmare for Google, which has invested heavily in Glass and is no doubt planning for a strong event launch, but as was pointed out in a CNet article, the use of the word “Glass” implies an official partnership. Samsung is known for its aggressive branding and Google would likely raise legal concerns regardless, so it’s unlikely the brand Gear Glass would be used without a partnership. Does Google even want to sell Glass, or does it just want you wearing face-screens? If Goog

HELLO

Search This Blog