Dolce & Gabbana founders Domenico Dolce and Stefano Gabbana have been sentenced to 20 months jail time for tax evasion. hiding hundreds of millions of euros from the tax authorities. Their accountant is facing the charges as well.
The guys were found guilty of setting up a holdings company in Luxembourg to avoid declaring over 840 million euros ($1.1 billion) in sales to the Italian government. Sheesh! Moral of the story: pay your taxes people!
Source: GG
