Dolce & Gabbana Condemned to Pay 343 Million for Tax Evasion

Dolce & Gabbana It has been sentenced to pay EUR 343,3 million for tax evasion plus interest for evading taxes. The statement that in 2011 it took the designers Domenico Dolce and Stefano Gabbana to pay such amount was ratified by evading taxes by moving its headquarters to Luxembourg.

In November 2011 the pair of Italian designers turned to the judgment condemning them to pay 343,4 million euros for seeking to pay taxes in Luxembourg despite continue managing the company from Italy. There they benefited from low fiscal pressure from the European country.

Such an operation was carried out with the sale of the brand Dolce & Gabbana and D & G to the holding company, Gado, located in Luxembourg. Gado is not a stranger to designers company, since they themselves are those who control it.

The sale was valued at 360 million euros, an amount that is considered to be much lower than the real value stipulated according to the indictment at 700 million euros, and so also Domenico Dolce and Stefano Gabbana were charged along with five others of course crime of evasion of 1,000 million euros.

The prosecution accused designers have evaded 420 million euros per head and another 200 million euros to the established society.

The research was conducted between 2007 and 2010 October, year in which the Milan Prosecutor’s Office requested the prosecution of defendants.