Robert J. Fedor, Esq., L.L.C.

Appeal of guilty tax evasion verdict not successful for famous fashion duo

Regardless of wealth or stature, no one is immune to the long and far reach of the Internal Revenue Service. In fact, well-off Americans are more likely to become the targets of an IRS audit or investigation. The IRS statistically also seems to disproportionately target wealthy and successful small and large business owners.

Turns out the tactic of targeting those who have worked hard for their success also occurs in other countries. This week famous fashion designers Domenico Dolce and Stefano Gabbana were once again in the news. In June of 2013, the fashion duo, who was accused of evading paying taxes on an estimated $1.38 billion, was convicted of tax evasion, a verdict which was appealed.

We learned this week that the pair was not successful in their appeal and have each been sentenced to serve 18 months in an Italian jail. The defense attorney for the fashion icons claimed to be astounded by the court's decision and declared another appeal will follow.

Since news of the criminal charges against the two first became public, both have vehemently denied any wrongdoing. Those within the Italian tax industry have even admitted that the government readily targets successful individuals within fashion as the industry has continued to experience great success and growth in an otherwise stagnated economy.

For any individual facing criminal charges related to tax crimes, it's crucial to secure a defense attorney who has a history of successfully handling IRS cases. An attorney will be able to defend an individual's rights and help refute claims of any wrongdoing.

Source: The Huffington Post, "Designers Dolce & Gabbana Receive 18-Month Suspended Sentence," May 1, 2014

No Comments

Leave a comment
Comment Information