Dolce & Gabbana Tax-Evasion Conviction Overturned
Turns out the duo isn't going to jail for avoiding €1 billion in taxes, after all.
Dolce & Gabbana designers Stefano Gabbana and Domenico Dolce aren't going to jail after all, as their conviction for tax evasion was overturned by Italy's highest court on Friday.
Prior to Friday's ruling, the pair had been sentenced to 18 months in jail after the lower court upheld the ruling that they had allegedly avoided taxes on approximately €1 billion in the 2004 sale of their Dolce & Gabbana and D&G brands to a Luxembourg holding company.
"I am very satisfied," the designers' lawyer, Massimo Dinoia, told WWD after the verdict. "We have been saying that they were innocent for the past seven years. Nobody can take back the negative publicity they received over these seven years, but we knew we were in the right all along."
The official Dolce & Gabbana brand took to Twitter to announce the news with a statement: "We have always been honest and we are extremely proud of this recognition by the Italian Court of Justice. Viva L'Italia."
The Italian Supreme Court of Justice found Domenico Dolce and Stefano Gabbana not guilty of tax evasion. pic.twitter.com/8BTmngnmTT— Dolce & Gabbana (@dolcegabbana) October 24, 2014
"We knew it!!! We are honest people!" Gabbana also tweeted in Italian.
Dolce & Gabbana were recently named one of The Hollywood Reporter's Top 25 Red-Carpet Designers.