Thursday, June 20, 2013

Italian icons find no respite from tax man




FILE -- In this file photo taken on Jan. 12, 2013, Italian fashion designers Stefano Gabbana, left, and Domenico Dolce bow to the audience after presenting their Dolce & Gabbana men's Fall-Winter 2013-14 collection in Milan, Italy. A Milan court convicted fashion designers Domenico Dolce and Stefano Gabbana of tax evasion. The pair were found guilty Wednesday of failing to declare euros 1 billion ($1.3 billion) in income to authorities. The court sentenced them both to one year and eight months in jail. Prosecutors argued that the pair had evaded taxes on income of 416 million euros each and 200 million euros through a Luxembourg-based company. The statute of limitations ran out on a charge of misrepresenting income. (AP Photo/Antonio Calanni) MILAN (AP) — Sophia Loren wore green silk and sunglasses for her date with the taxman, Luciano Pavarotti a suit and sneakers. Diego Maradona gave up his diamond stud earring to pay off a tax debt.






More: http://news.yahoo.com/italian-icons-no-respite-tax-man-195510843.html

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