• Italian designer duo were convicted last year of £860m of tax evasion
  • Given to one year and eight months jail and ordered to pay compensation
  • However an Italian prosecutor has now declared the pair innocent

Jail-house stripes look like last season’s trend as fashion designers Domenico Dolce and Stefano Gabbana are set to be acquitted of tax fraud, after an Italian prosecutor declared them innocent. The world famous design duo were sentenced to one year and eight months in jail last year after being convicted of evading taxes on almost one billion euros.  

The two founders of the iconic fashion house were also ordered to pay compensation to Italy’s tax authorities.

Milan prosecutors had told the court that the creators of the world-famous Dolce & Gabbana brand, with six others, evaded taxes for several years after setting up a holding company in Luxembourg called Gado.
‘Gado was an artificial construction with the specific function of obtaining tax benefits,’ prosecutors said.

Read the Full Article: Source – Daily Mail
http://www.dailymail.co.uk/news/article-2589188/Fashion-designers-Dolce-Gabbana-set-avoid-fine-jail-term-tax-fraud-prosecutor-calls-conviction-overturned.html

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