Italy has always had a strange relationship with their famous luxury designers. With a tax rate of almost 28%, luxury designers have long been the subject of accusations of tax evasion, but prior to Wednesday's guilty verdict for Italian designers Stefano Gabbana and Donenico Dolce, all charges of this kind had been dropped.
Now, to us, Dolce and Gabbana is only guilty of creating fabulous looks that we are constantly lusting over, but that sadly does not change the minds of Italian courts and legislatures.
The verdict stems from a long legal battle stretching back to the 2004 sale of the company to Luxembourg-based holding firm, Gado Srl. Luxembourg has a tax rate of nearly 0%, which the courts say allow Gado Srl to serve as a legal entity in which to evade taxes.
Along with the two designers, four other defendants, including the companies accountant, Dolce's brother Alfonso, general director Christina Ruella and finance director Giuseppe Minoni were handed varying sentences.
Luckily for the designers and their fellow defendants, Italy requires a minimum of three years sentencing in order for jail time to be physically served, so I don't think we'll be seeing them sporting stripes and a fashionable new ankle bracelet, but they may be missing some red carpets.
We're hoping a house arrest or a community service stint will allow the designers to keep pumping out our favorite clothes, and we wish them luck on their appeal.
With Style,
Your MyDROBE Team
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