If you haven’t heard (because you spend your time following REAL news, like world issues) Dolce & Gabbana were recently found guilty of tax evasion and sentenced to a 20 month jail term and a fine of of 343 million euros. Italy has some serious tax evasion issues, and I was dearly hoping that these two would be used as an example and actually forced to serve their jail sentences (this is yet to be decided, although I highly doubt they will…) They are appealing and claim not to be guilty (of course) but the fact is, they sold their business to a holding company in Luxembourg in 2004, and I doubt it was because they wanted to invest in the country. Sounds quite guilty to me!
They are claiming to be “crucified like thieves,” have closed their stores over a three day weekend “in protest,” to the charge, and are saying they will have to shut down their business if they are forced to pay the fine. ”We will close. What do you want us to do? We will close. We will not be able to deal with it. (It’s) Impossible.” – Domenico Dolce (The Telegraph)
I have two words for them: BOO HOO.
I LOATHE super rich people who don’t pay their fair share of taxes, and this pair is no exception. This isn’t a speeding ticket or paying $100 less in taxes last year, this is a major crime. Are we supposed to feel sorry for them? And how is closing their stores for three days (and losing money – which could go towards paying this fine) going to help the situation? Are they expecting sympathy from the Italians, whose economy is not looking great right now because of people like this? Or maybe the rest of the fashion world? I don’t think so. There are enough greedy idiots in this industry ruining it for everyone else (Bangladesh comes to mind…) we certainly don’t need anyone else making fashion look like a business who puts bottom line ahead of integrity (that’s what most other industries do, let’s be different.)
Yes, it will be a shame if Dolce & Gabbana shuts down, but someone else will come along. The only people who I feel sorry for are their staff, who are at risk of losing their jobs. The bright side is that if they do end up having to serve the sentence and pay the fine, I am pretty sure the other Italian companies screwing their government will clean up their act and help Italy out of its crappy economic situation.