Quick! Stuff the mattress, un-nail that loose floorboard and secrete those remaining Euro’s post-haste. Those shady Italios obs don’t know how to fill out their Tax Returns as Domenico Dolce and Steffano Gabbana have found their asses indicted on tax-evasion charges. To the eye-watering tune of $569 million. Each. Cue all kinds of wriggling, squirming and defensive manoeuvres to deny any naughty transgressions, declaring the issue lies with the Luxembourg based holding company and not at all them. Honest, guv’…

The seemingly doomed duo have two options: pay an almighty, potentially one billion dollar fine or face a jury and undergo a hardcore lengthy trial. “In many cases” reckons a Milan-based source, “this kind of accusation stems from the different interpretation of regulations. The state, which often doesn’t get to big-time tax evaders, tries to get to those who already pay their taxes, and ends up collecting one from the original 100 demanded.”

Well, if it does reach trial at least we know who’ll be dressing their courtroom attire (themselves) but really, there’s a lesson to be learnt here folks; when HMRC comes a-knockin’ even fashion ain’t above the law.

(All images: Dolce & Gabbana S/S '11)

Posted on November 24, 2010 at 5:43:27 by The Real Runway