Recent reports have confirmed this week that Italy‘s Tax Commission is fining Dolce & Gabbana a whopping $441 million on the grounds of tax evasion. Domenico Dolce and Stefano Gabbana sold their company to their own holding company in 2004, and debts were not paid at that time. It is speculated that this “holding” company was solely for the purpose to move around money while evading fiscal policies and tax regulation. Both Domenico and Stefano are being criminally charged separately, though most high-profile cases like this (and it appears Italy has done this many times before) have ended with an out-of-court settlement. It remains to be seen what will become of the famous designers, because that is a hell of a lot of money. Va male!
Rida Islam, Fashion Editor
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