Dolce and Gabbana Lose Appeal Against Tax Evasion Conviction; Milan Court Cuts Jail Term for Italian Fashion Designers to 18 Months

The company, which stressed that the decision had no financial impact on Prada, said that it followed "close cooperation" with the Italian tax authority, started in 2008, and "involved seeking a ruling on international transfer pricing standards" for transactions between the comp...

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2014-04-30
Main Author: Ball, Deborah
Format: Newspaper Article
Language:English
Subjects:
Campbell, Naomi
Convictions
Corporate taxes
Fashion designers
Operating companies
Tax avoidance
Tax evasion
Transfer pricing
Online Access:Get full text
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Summary:The company, which stressed that the decision had no financial impact on Prada, said that it followed "close cooperation" with the Italian tax authority, started in 2008, and "involved seeking a ruling on international transfer pricing standards" for transactions between the company's subsidiaries.
ISSN:2574-9579