Dolce and Goodbye-ya. It’s a good thing orange is still trending….orange jumpsuits or striped outfits for next season? Martha Steward did it….
Ok, I’m done with the bad jokes, it’s
just such an odd situation. Everyone knows Italy is the land of tax evasion, and good for them…but come on guys! You’re too big to pull that kind of crap. Actually let me rephrase that: you’re too big to it half-assed.
Anyway, if you haven’t already heard, Italy’s prosecutors were gunning for a 3 year prison sentence for the stylish duo for tax evasion ( a nice tidy 343.3 million Euro, Wow! ). Instead they got 1 year and 8 months…which translates out to 4 fashion years. EEEK! Grim news for any fashionista. What is D&G going to do? Domenico Dolce and Stefano Gabbana have been at the helm for nearly 30 years, will the brand survive? My guess is that it will be just fine, in fact it may even give them some street cred – JK. Besides, they’ve already appealed the decision and remain firm in their declaration of innocence. You go D&G!
[toggle title=”Here’s what their lawyer had to say:”]
“With great satisfaction, we acknowledge that – for the second time – a judge of the Milan Court has reiterated once more the absolute innocence – because the allegations are untrue – of Mr Domenico Dolce and Mr Stefano Gabbana of the accusation of having unfaithfully declared their earnings (the “notorious” million dollars of Euros).
Even more so, we are satisfied about the result of this part of the verdict because, according to Italian legislation, the statute of limitations had already run out of the charge of misrepresenting income. Despite this fact, the judge felt the need to acquit them on the matter: this means that, according to the Italian law, the proof of their innocent is more than obvious.
On the other hand, as we had the chance to state during the trial, the charges were simply a paradox: the two designers were charged with not having paid taxes for an amount of money which was double of what they
had actually earned.
The Court has ruled correctly to what we have always stated and has calmed all the citizens: nobody will ever be held responsible for not having paid taxes that exceed what they had actually grossed.
Frankly speaking, we were astonished that our thesis on the regularity of everyone’s behaviour related to the taxes omission payment by Gado, was not accepted. In fact, the CEO of this Company together with other people including the designers, were found guilty of having contributed in a violation of the said taxes declaration omission. We will strongly appeal this part of the verdict, certain that the result will be over-turned in appeal
The absolution of the designers for the declarations related to their individual earnings is at the same time blatant and dramatic, because, notwithstanding the same fact was ruled as non-existent by today’s Court, the Internal Revenue Service might proceed with their operations against them, fining them for the excessive and surreal amount of money of more than 400 million Euros.
Due to the fact that the two designers do not have this kind of money – as the judge stated today, that they have never earned it – most probably the Internal Revenue Service will attack their most precious part of their patrimony, which is their shareholding in the Dolce & Gabbana Company.
We are anxious to even think of what the economic and social repercussion of this act might mean.”
Though the badass designers will appeal Judge Antonella Brambilla’s prison sentencing,WWD reports that there is actually “little chance” that they, or their four other co-defendants also given custodial sentences, will serve any jail time “because the sentences are below the two-year minimum generally required in Italy to do so.”
So I guess it just goes to show that if you’re rich and fabulous, you have nothing worry about… What can I say, I totally route for the ingenuous villain that doesn’t hurt anyone and gets away with it.
Oh here’s a fun fact: Did you know that the D&G brand is worth $5.3 billion! Oh Daddy(s)!
Take heart guys, Italy, the Marquis and the fashion world love you! Besides, even if your appeal fails, you’ll have a new untapped market.