Fashion design duo Domenico Dolce and Stefano Gabbana debuted a new label for their famed line, and it's not the kind that's sewn in...it's "felon".
The pair were each given a suspended prison sentence of 20 months for allegedly hiding hundreds of millions of euros from the tax authorities. The case dates back to an investigation in 2008, when authorities began a tax avoidance crackdown which ensnared the designers. The judge ruled Wednesday that the pair sold their brand to Luxembourg-based holding company Gado in 2004 to avoid declaring taxes on royalties of about $1.3 billion.
We can argue that celebrities and the rich never truly pay for their crimes, as evidenced here, but that would only be in place of the argument about how this limp verdict spent time and money without any return, rather than see the country deal with the staggering unemployment and fiscal issues it has.
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