By continuing to use the site you agree to our Privacy & Cookies policy

Dolce & Gabbana accused of tax evasion

The designers behind premium brand Dolce and Gabbana are reportedly under investigation for failing to declare revenues of about €840m (£734m).

Italian prosecutors have accused designers Domenico Dolce and Stefano Gabbana of setting up a company in low-tax Luxembourg in 2004 and 2005 but operating the business, Gado, from Italy. Sales royalties are taxed at just 3% in Luxembourg compared to a higher rate in Italy.

Italian newspaper reports suggest the unpaid taxes amount to €420m (£367m).

No charges have been brought against Dolce and Gabbana.

Have your say

You must sign in to make a comment.

Related Jobs

Sign in to see the latest jobs relevant to you!

Digital Editions

Drapers Archive

View digital editions of Drapers magazine

More

Next Generation

NextGeneration

A talent nurturing initiative for those in the early stages of their career

More