Friday, April 5, 2013

Stefano Gabbana and Domenico Dolce Fined $440 Million for Tax Evasion

Oh no! Italy's tax commissions are fining the two talented designers 343.4 million euros for alleged tax evasion. The two designers have been accused to for their unfaithful declarations in their earnings. This is traced back to mostly their sales during 2004. According to Italy's internal revenue agency the two designers moved most of their wealth to Luxembourg in order to avoid higher corporate tax rate from their home country. So far the designers are denying all charges. Let's see that happens next..



No comments:

Post a Comment