The United States hasn’t been shy about demanding records into tax and financial practices of multinational banks and corporations in the name of tax fairness.
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Court Upholds Prison Sentence For Dolce & Gabbana On Tax Evasion Charges
In the end, popular opinion wasn’t enough to save Domenico Dolce and Stefano Gabbana, the designers behind the highly lucrative fashion label Dolce & Gabbana. Despite pleas on social media and protests from fans, an Italian appeals court has upheld the decision reached last year in a lower court which found the pair guilty of tax evasion.
Read MorePrada Following Italy’s Latest Fashion Trend: Tax Transfers, Allegations Of Evasion
Apparently, the tax devil does not wear Prada. Italian tax authorities are investigating fashion house Prada on allegations of tax evasion. Will this be Dolce & Gabbana all over again?
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