The court upheld a conviction that was handed down last June for allegedly avoiding taxes on approximately €1 billion in the 2004 sale of their Dolce & Gabbana and D&G brands to a Luxembourg holding company. The previous lower-court ruling gave the pair suspended 20-month jail sentences and fines of up to €10 million.
Under Italian law, Dolce and Gabbana will not have to serve actual jail time as the sentence is below Italy’s minimum sentencing requirements.
Pages: 1 2