Getty Images. Italian designer Valentino and his business partner Giancarlo Giammetti have been ordered to pay a 33 million euro (approximately $39 million) fine for alleged tax evasion. The Italian tax authority apparently believes that Valentino and his business partner have not declared all earnings, citing the fact that the duo maintains business operations in Italy, although they have had residency in London for more than ten years.Tax investigations are a regular occurence for...Read Full Story
Giancarlo Giammetti is an Italian businessman, the partner of legendary fashion designer Valentino. In 1998, he sold Valentino to the industrial group HdP.