MILAN — Italy’s Tax Commission has fined Dolce & Gabbana 343.4 million euros, or $440.2 million at current exchange, plus interest.
The decision confirms a first degree sentence in November 2011 and denies an appeal by Domenico Dolce and Stefano Gabbana. The designers may still avoid the fine, if they decide to appeal and wait for a third degree sentence. The fine by the Tax Commission is separate from the ongoing trial in a Milan courtroom, but both stem from the same accusations put forward by Italy’s Internal Revenue Agency. Dolce and Gabbana, who are accused of omitted and unfaithful earnings declarations, have always denied the charges.
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