Fashion icons Domenico Dolce and Stefano Gabbana face two years of jail time to the tune of $1.3 billion in taxes that weren’t declared. <\/p>\n
The luxury fashion house sold their brand to Gado SRL, a holding company established by the designers; authorities believe Dolce and Gabbana did that to avoid paying taxes in Italy.<\/p>\n
“They are the ones who profited most from the operation,” prosecutor Gateano Ruta said<\/a>. “Gado was an artificial construction made for the tax advantage that was obtained.”<\/p>\n The designers maintain their innocence, however, and may appeal the charges to avoid an upcoming trial.<\/p>\n “To be accused of something untrue is not a beautiful thing. But in the end who cares, we will all finish up six feet under,” Gabbana said<\/a> in a personal Twitter statement. “I am interested in making clothes and that’s all. They can do and say what they want.”<\/p>\n Whoa! Thats a tall order RT @huffingtonpost<\/a>: Dolce & Gabbana designers face jail time po.st\/rYNk1c<\/a><\/p>\n — Erik Thompson Sr.(@theConfidant) May 29, 2013<\/a><\/p>\n<\/blockquote>\n\n