The Verdict: Dolce & Gabbana Tax Evasion Case

Dolce & Gabbana's tax evasion case has finally come to an end after almost 4 years of litigation. Italy's Tax Commission came down with a verdict on Saturday fining the Italian fashion house 343.4 million euros (or $440 million) plus interest for tax fraud.  While a lower court initially cleared the design duo of the evasion charges, Italy's highest court overturned that acquittal in November 2011 and ordered that the case be sent back to trial.  A quick recap can be found here.

After the verdict was rendered, Mr. Gabbana posted a rant on Twitter stating, "To be accused of something untrue is not a beautiful thing. But in the end who cares, we will all finish up six feet under." He further added, "I am interested in making clothes and that's all. They can do and say what they want."  Many fans voice their support in favor of Dolce & Gabbana which Mr. Gabbana has been generously retweeting.

The designers can still potentially avert the fine if they choose to appeal again.

Read More:
NYMag: Dolce & Gabbana Ordered to Cough Up $440 Million
The Telegraph: Stefano Gabbana’s Twitter tirade after tax evasion ruling on sale of D&G