A judge in Italy has ruled that Domenico Dolce and Stefano Gabbana could still face charges for alleged tax evasion of over $1.1 billion.
Domenico Dolce and Stefano Gabbana may still face charges for alleged tax evasion even though charges were initially dropped in April.
Italy's equivalent of the Supreme Court overruled the decision of Judge Simone Luerti yesterday (23.11.11), which had originally ruled there was no foundation for a trial in relation to the sum of over $1.1 billion in allegedly avoided tax, according to WWD.
Milan-based prosecutor Laura Pedio launched the appeal to the court, which decided there will be a new preliminary hearing in front of a different judge.
The accusations had been made against Dolce, Gabbana and five other defendants, including Dolce's brother and board member Alfonso Dolce, and managing director and board member Cristiana Ruella.
The initial investigation by Italian authorities was based on the alleged failure of the pair to declare revenues of approximately $1.1 billion and claims that Luxembourg-based holding company, Gado Srl is a legal entity set up to avoid higher tax rates in Italy.
Addressing the allegations previously, Dolce and Gabbana said: "It's an absurd demand based on a completely abstract calculation.
"We will tell the 3,800 employees of the companies, which compose the group, that we have paid all that was due and that we will strenuously defend ourselves to avoid being unjustly forced to pay for something that never existed in the first place.
"This higher taxable sum is a virtual figure we have never received, the result of a theoretical accounting exercise."
On the same day that Glastonbury welcomed back Margate's adopted sons, The Libertines, Margate itself put on it's very own Leisure Festival as it...
Sheffield's very own all girl group Pretty Fierce are still on a high after the recent release of their debut single - 'Ready For Me'.
Three nights before the end of his current tour Will Varley returned to his home town of Deal to delight a sold out crowd in The Astor Theatre.
With only a few days to go before Portsmouth based songstress and producer WYSE releases her new single, 'Belladonna', we caught up with her to find...
Colorado raised, Glasgow educated and Manchester based Bay Bryan is nothing if not a multi-talented, multi-faceted artist performing as both...
Former Marigolds band member Keelan Cunningham has rediscovered his love of music with his new solo project Keelan X.
Wiltshire singer-songwriter Luke De Sciscio, formally known as Folk Boy, is set to release is latest album - 'The Banquet' via AntiFragile Music on...
Electronic music pioneer and producer Annie Elise says that the release of her first EP - 'Breathe In, Breathe Out' feels "both vulnerable and...