Italy’s highest court has acquitted Domenico Dolce and Stefano Gabbana of tax evasion in a highly publicized case that led the Milan designers to close their Milan stores in protest for several days last year.

Read: Should Ottawa use surplus for tax cuts?

The Court of Cassation in Rome overturned two lower court convictions in its decision Friday, ruling that no crime had been committed.

They had been found guilty in lower courts of failing to declare to Italian authorities 200 million euros ($268 million) through a Luxembourg company, even though a prosecutor had argued for dismissal.

Defence lawyer Massimo Dinoia argued before the high court that their acquittal on the more serious charge of misrepresenting income of 416 million euros indicated their innocence.

The high court also acquitted their tax preparer and two managers.

Also read:

Harper mulls income-splitting options

Debt cuts clients’ emergency savings

Originally published on

Add a comment

You must be logged in to comment.

Register on