tax evasion news and archive

Gucci confirms tax evasion probe

Italian fashion giant Gucci on Monday said police raided its offices over suspected tax evasion, confirming a report in the Italian press. The Milan public prosecutor suspects the fashion house of declaring several years worth of Italian sales in Switzerland, thereby saving around 1.3 billion euros (1.5 billion USD) in domestic tax, La Stampa...

Fashion

Model Bar Refaeli arrested for tax evasion in Israel

Israel's most famous model Bar Refaeli was arrested and questioned for allegedly evading taxes on millions of dollars of income from abroad by lying about her residency, Israeli authorities said Thursday. Refaeli is also suspected of receiving benefits of "over a million shekels" (257,000 US dollars, 237,000 euros) in the form of free...

Apparel

Italian court quashes Dolce & Gabbana fraud convictions

The Italian Supreme Court on Friday overturned fraud convictions and 18-month jail terms against celebrated fashion duo Domenico Dolce and Stefano Gabbana, their company announced. "We have always been honest and we are extremely proud of this recognition by the Italian Court of Justice. Viva l'Italia," the two fashion house chiefs said in a...