BY BIBBY SOWRAY | 30 OCTOBER 2012
Designers Domenico Dolce and Stefano Gabbana are to stand trial for tax evasion totalling €416 million.
The Guardia di Finanza, an Italian police force under the authority of the national minister of economy and finance, first brought the charges against the pair and five of their business associates in 2007, however, in April 2011 they were dismissed by a lower court, which deemed there was no foundation for a trial. The Italian Supreme Court overturned that decision last November, saying that “tax avoidance, or tax mitigation, on an earnings declaration is a criminal offence under the law,” reports WWD . Previously, tax avoidance was not considered a criminal offence.
(Click here to read more)
Also see Can The Government Force You To Quit Smoking?, What Are The World’s Strangest Tax Laws?, You Thought Greece Was in Trouble and Is There A Single’s Cruise For The Richest 1%?